Ethereum Could Surge to $7,000-$9,000 by Next January, Says Fundstrat Co-Founder Tom Lee

Fundstrat co-founder and BitMine chairman Tom Lee shared his bullish long-term outlook on Ethereum in a recent video commentary. While acknowledging near-term headwinds, Lee emphasized that ETH carries substantial upside momentum heading into January.

The Short-Term Pullback vs. Long-Term Opportunity

According to Lee’s analysis, ETH may experience a temporary pullback toward $2,500 in the near term. However, he views this correction as an inevitable consolidation phase rather than a bearish signal. With ETH currently trading around $3,300, this pullback would represent a modest decline from recent levels.

The Multi-Fold Upside Potential

What makes Lee’s forecast compelling is his expectation of a significant supercycle rally. He projects ETH could deliver 3 to 4 times its current value, translating to a target range of $7,000 to $9,000 by January. This represents a dramatic shift from the temporary weakness, emphasizing the cyclical nature of crypto market dynamics.

Why the Supercycle Matters

Lee’s commentary suggests that investors should distinguish between short-term price noise and the broader bull market trajectory. The predicted 3-4x upside reflects his conviction that Ethereum’s fundamentals and market positioning support a major rally phase in the coming months. The temporary dip to $2,500, in his view, would simply offer an attractive entry point before the anticipated surge begins.

This outlook from a respected industry voice underscores the ongoing debate between tactical traders watching for near-term pullbacks and long-term believers accumulating positions ahead of major rally phases.