Ethereum’s price has lagged behind Bitcoin at key moments, retail confidence is low, and each failed breakout has given critics another reason to claim that ETH has lost ground. However, some market experts do not buy into this idea.
One of those market experts who takes the opposite side of that argument is Tom Lee. Co-founder of Fundstrat and Chairman of BitMine continued to defend Ethereum’s long-term setup, with its 2026 ETH target around $12,000.
The $10,000 Ethereum case is bigger than one prediction
Tom Lee is one of the most sonorous names in the bullish camp for Ethereum. The co-founder of Fundstrat and chairman of BitMine reportedly projected Ethereum as high as $9,000 to $12,000 by the end of 2026, placing him among experts who believe ETH’s current weakness is temporary.
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Lee he did Ethereum end-2026 forecast at Consensus Miami, matching range with Bitcoin $150,000-$200,000 projection and calling crypto winter over. It was a statement of confidence that stood out even at the conference a room full of optimists.
Lee’s company, Bitmine Immersion Technologies, holds over 5.18 million ETH worth about $12.07 billion, built position less than a year at an estimated cost of about $230 million per tranche each week. Bitmine has repeatedly compared this accumulation trend Bitcoin Accumulation Strategy playbook, and Lee leaned into it.
Interestingly, the $10,000 Ethereum prediction is not limited to Lee. Crypto analyst Patel offered a complementary set of drivers in a post on Xu, projecting an Ethereum price of around $10,000 to $15,000 this cycle.
Another crypto analyst named Celal Kucuker also shared the growth Ethereum Outlook for X May 9, laying out a long-term roadmap that sets ETH on course for a possible move above $24,000.
Why Market Experts Predict Ethereum Price Above $10,000?
Market experts point to various reasons why Ethereum will break above $10,000. For example, Crypto Patel’s prediction was built around a number of institutional developments, including BlackRock’s filing for tokenized money funds on Ethereum, JPMorgan’s MONY fund coming to life online, and BlackRock’s BUIDL fund reaching $2.85 billion and becoming the largest real asset product on any blockchain.
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Tom Lee made a similar argument, with his outlook for Ethereum based on Wall Street’s increasing shift to blockchain infrastructure. According to Lee, the next big move in the markets it will not be driven by stocks. In particular, it will be powered by crypto, Bitcoin and Ethereum.
That’s why predictions above $10,000 don’t just come from one angle. Some experts are focused on institutional adoption, others are focused on tokenization and stablecoins, and some are reading Ethereum Long Term Chart Structure as a sign that the property still has room for a large cycling rally.
Featured image from Adobe Stock, chart from Tradingview.com
