Ethereum Ether (ETH) is currently one of the major cryptocurrency tokens that have been soaring in demand at the moment. The token is now eyeing major price spots at the moment, and some are even projecting a near 200% surge to $15,000 within the next year. With the asset already on its way to breaching $4,000, one analyst suggests that it could breach its current $4,891 ATH and nearly quadruple it in the near term.

Tom Lee, veteran Wall Street strategist and CEO of Bitmine Immersion Technologies, predicts Ethereum will reach $15,000 in the medium term, highlighting several bullish indicators. Lee’s prediction is based on a model developed by his colleague Sean Farrell, which compares Ethereum to prominent crypto industry companies like Circle. Using EBITDA-based valuation multiples, Farrell estimates that Ethereum’s potential market value could allow its price to reach $15,000.

Additionally, the analyst cites a technical analysis by Mark Newton, Fundstrat’s head of technical strategy, who sees Ethereum potentially climbing to $4,000 by the end of July. However, Lee views this as only a short-term target. Given Ethereum’s current adoption rate and rising valuation, he believes the $10,000–$15,000 range is achievable by the end of the year. The analyst also believes that BTC could breach $1 million in just a few years, according to a recent Squawk Box interview he did.

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Currently, Ethereum’s surge is happening alongside increased capital inflows into U.S. spot ETFs and growing interest in corporate reserves. The landscape of crypto in the US is becoming even more friendly, with ETFs nearing approval and crypto-supportive legislation being passed last week. Furthermore, even while BTC is surging, its dominance on the crypto market is weakening, with ETH taking a bigger chunk.

In terms of the specific $15k forecast, Ethereum has only seen such an explosive move during the 2017 ICO boom and the 2020–21 DeFi wave. However, with rising institutional demand and limited sell pressure, an explosive breakout can’t be ruled out. As more analysts hike up their forecast for Ethereum (ETH), the asset will only have further potential and hype.

In the last month alone, ETH is up over 50%. If it were to continue this trend, ETH could be trading over $5,000 by August 21. Analysts at CoinCodex agree, calling the Ethereum cryptocurrency a buy and forecasting $6,000 by October 2025. Should its price climb even steeper, analysts aren’t ruling out $10,000-$15,000 by the end of the year.