BitMine Immersion Technologies, Inc.Lee's bullish ETH forecast and BitMine's continued accumulation signal strong demand for Ethereum, benefiting BitMine's holdings.

Tom Lee, chairman of BitMine, has predicted that Ethereum could easily trade above $10,000 by 2027 or 2028, driven by a new crypto bull cycle, Wall Street tokenization, and growing AI adoption. Speaking to Bankless on Wednesday, Lee argued that a fresh bull cycle should push ETH back above $5,000, and with additional demand from tokenized financial assets and AI systems, the cryptocurrency could reach five figures. Ethereum currently trades near $2,470 after a roughly 27% weekly rebound, according to CoinGecko data. Lee's forecast comes after several of his previous short-term targets missed, including a November 2025 prediction of a rally to $7,000-$9,000 by January 2026, which never materialized. He also endorsed a more aggressive scenario where ETH could eventually exceed $250,000, though that has no stated deadline. BitMine has accumulated approximately 5.82 million ETH, close to 5% of Ethereum's circulating supply, and has been buying for over 60 consecutive weeks.
BitMine Immersion Technologies, Inc.Lee's bullish ETH forecast and BitMine's continued accumulation signal strong demand for Ethereum, benefiting BitMine's holdings.