Ethereum may be trading below the $4,200 mark for now, but optimism around its long-term potential remains strong.
BitMine Technologies chairman Tom Lee has doubled down on his bullish stance, predicting that Ethereum could triple in value by the end of 2025, reaching between $12,000 and $15,000.
Despite recent price struggles, Lee believes that Ethereum is poised to surpass its previous all-time highs and enter what he calls “real price discovery” in the $12,000 to $15,000 range.
According to Lee, this projected 200% rally will be driven by new technological trends. He highlighted the growing role of agentic AI and robotics, arguing that these innovations will create a massive demand for tokenized economies, much of which will likely take place on Ethereum’s network.
Ethereum ETFs show signs of weakness
While Lee’s long-term forecast is extremely bullish, short-term market signals have been mixed. This week, Ethereum spot ETFs reported a net outflow of $248 million, according to data from SoSoValue.
The Grayscale Ethereum Trust ETF (ETHE) led with the largest single-day net inflow of $17.91 million, followed by 21Shares Ethereum ETF (TETH), which saw $8.05 million in inflows.
However, ETHE’s historical net outflow remains steep at $4.57 billion, underscoring that investor sentiment is still cautious despite the recent rally.
Ethereum price prediction
Ethereum is currently trading above $4,000, and technical indicators suggest that a major move could be coming.
The daily chart shows that ETH has been rising steadily since mid-summer, supported by the upward-sloping 20-day and 50-day EMAs. This alignment signals that the prevailing trend remains strong.
As reported by U.Today, the price compression within a large triangle pattern also suggests that the market is coiling ahead of a breakout. A decisive move above resistance could set Ethereum on a path toward the $5,000 mark, which remains the key near-term target for bulls.
However, shorter-term charts point to caution. On the hourly timeframe, ETH is trading near local support at $3,983. If bulls fail to regain control, a drop toward $3,950 is possible, with sideways action in the $3,900–$4,100 range being the more likely short-term scenario before any major breakout.
