Ethereum Could Soar to $12K, Says Tom Lee, Advising Investors to Buy the Dip

Tom Lee, chairman of Bitmine Immersion Technologies, predicts ethereum could climb to $5,500 in the coming weeks and hit $10,000 to $12,000 by year-end, citing strong Q4 market trends.

His forecast follows ETH’s recent all-time high of $4,955 before a pullback to $4,314 and recovery to around $4,620. Lee’s firm recently added nearly 4,900 ETH, bringing its holdings to 1.72 million, a move analysts say is fueling inflows now rivaling bitcoin’s.

While acknowledging September’s history of market pullbacks, Lee urges investors to treat any dip as a buying opportunity, reinforcing his bullish outlook on ETH’s long-term momentum.

Clever Robot News Desk 31^th August 2025