ETH to $62,000? Tom Lee Is Ultra Bullish but Traders Watch These Numbers

Group 1 - Tom Lee, chairman of BitMine Immersion Technologies, believes the crypto market has survived its harshest correction phase and is entering a reversal window [1] - Lee argues that the traditional concept of Bitcoin's four-year halving cycles is no longer applicable, as market makers have stabilized [2] - Major financial institutions like JPMorgan and BlackRock are building real-world asset tokenization on Ethereum, which Lee sees evolving into a core financial settlement layer [3] Group 2 - If Ethereum returns to its historical average ratio versus Bitcoin, it could trade near $12,000, and if it reaches the 2021 peak ratio, it could be close to $22,000 [3] - Lee's most ambitious forecast suggests Ethereum could reach approximately $62,000 if it becomes the backbone of worldwide settlement [4] - BitMine currently holds over $12 billion worth of Ether, having accumulated 41,946 ETH valued at about $130.78 million [4] Group 3 - Analyst Ali Martinez states that Ethereum must break above critical resistance levels of $4,800 to unlock momentum, with further targets at $6,800 and $8,800 [5] - Following the Fusaka network upgrade, Ethereum's Taker Buy/Sell Ratio on Binance reached 0.998, indicating strong buying interest [6] - A breakout above 1.0 in the Taker Buy/Sell Ratio would confirm the end of November's correction and open pathways toward the $3,500 and $4,000 zones [6]