TL;DR
- Tom Lee of BitMine sees Ether reaching $10,000 to $12,000 this year-calling it "price discovery," not a blow-off top.
- Technicals hint at a bullish continuation: ETH is forming a bull flag on the weekly chart, with $3,870-$3,800 as key support and a breakout target near $10,050.
- Analysts like Michael van de Poppe believe the ETH/BTC pair recently plunged into an "ideal zone for buys," suggesting a trend reversal is possible.
- Momentum indicators-such as RSI breaking a long-term downtrend-support the case for a strong breakout ahead.
- Risk remains: a daily close under $3,800 could open the path down to $3,700 or $3,500.
Even with volatility and pullbacks, some big names in crypto remain committed to bold ETH targets. Tom Lee, chair at BitMine, and Arthur Hayes, cofounder of BitMEX, continue to argue that $10,000 (or more) is within reach this year.
Lee, on the Bankless podcast, said:
He counters the concern that such a rise would be a speculative bubble, calling it instead price discovery at a new level. In his view, markets are simply repricing ETH for its evolving role in finance and infrastructure.
Another angle: BitMine itself is actively accumulating ETH, and Lee sees Ethereum being treated more like a treasury asset by institutions. This concentration of conviction alongside technical patterns lends weight to the bullish case.
Technical Picture: Bull Flag, Support Zones & Key Breaks
From a charting standpoint, ETH is shaping up in a bull flag pattern on the weekly timeframe-a structure often seen as a continuation signal after a strong rally. The recent consolidation resembles the "flag" portion following a sharp upward move.
At present, ETH is testing the lower boundary of that flag near $3,870, which serves as immediate support. The pattern would confirm only after a decisive breakout above the upper trendline, around $4,440, opening a path toward a $10,050 target derived from flag geometry.
Many altcoin bulls watch the ETH/BTC pair for confirmation. Michael van de Poppe, founder of MN Capital, noted ETH/BTC recently dropped to 0.032, calling that an "ideal zone for buys" and potentially signaling a trend switch.
Another analyst, Daan Crypto Trades, emphasized that ETH/BTC needs to break above 0.041 to sustain an altseason-style upward run. The interplay between ETH/USD strength and its performance relative to Bitcoin will likely guide investor sentiment in the weeks ahead.
What Could Accelerate or Derail the Move
Catalysts
- Institutional inflows and accumulation by entities like BitMine
- Macro tailwinds: weakening USD, dovish central bank policy
- Upgrade & ecosystem catalysts in Ethereum's roadmap
- Positive on-chain metrics (e.g. supply on exchanges falling, increased staking)
Risks & Threats
- A breakdown below $3,800, triggering stops and a deeper correction
- False breakouts-attempts to breach resistance that then reverse
- Broader crypto or macro contagion-driven sell pressure
- Delay or negative surprises in Ethereum upgrades
Midterm Outlook: Will ETH Hit $10,000?
The case for ETH hitting $10,000+ in 2025 is no longer fringe speculation-leading investors and analysts are vocal about it. When you combine conviction capital (like BitMine buying), structural technical setups (bull flag, RSI breakout), and improving macro conditions, the alignment is becoming hard to ignore.
Still, the path is not linear. ETH may have to digest, retest, or even temporarily dip before resuming its climb. If $3,800 holds and the upper trendline breaks cleanly, the route to $10,000+ becomes clearer. Whether ETH actually gets there remains to be seen-but all eyes are watching whether the bull flag holds, RSI confirms strength, and key supports remain intact.
