‘Costs are flat’ – VC doubts Tom Lee’s $ 60k Ethereum Outlook

Vital assortment eating places

Why does a VC imagine that Lee’s Bullish Projection is ‘restarted’?

Andrew Kang argued that the tokenized market has already exploded 1000x, however didn’t stimulate ETH

Will ETH fall to $ 1K per projection from Kang?

The longer term is tough to foretell. However an important ETH assist and realized worth for accumulation addresses was $ 2.8k.

A VC accomplice has projected that the Ethereum [ETH] The worth can stay between $ 1k $ 4K for an extended interval, in order that Fondstrat Cio Tom Lee’s Bullish thesis has been discredited and $ 60k price target.

In an X (previously Twitter) after On September 24, Andrew Kang, a accomplice at Mechanism Capital, referred to as Lee’s projection ‘retarded’.

He trivialized Lee’s Constructive ETH -front views primarily based on tokenization and Stablecoin tales.

He added that the Tokenized Market has grown, 1000x since 2020, however the each day transaction prices on Ethereum have remained at a low -five -year low.

“Tom’s argument basically understands how worth construction works and you can also make you imagine that prices would scale in proportional, however actually they’re virtually on the identical degree of 2020.”

Supply: X

Banks won’t purchase ETH, says Kang

Kang added that giant banks and establishments didn’t purchase ETH and won’t make any provide sooner or later, as Lee anticipated. He pulled parallels with oil and added that banks solely ‘pay in the event that they want it’.

For the unknown, crypto treasury firms led by Lee’s Bitmine built $ 21 billion within the ETH, partly powered by the anticipated stablecoin and tokenization tree.

The truth is, this new ETH demand line elevated from $ 1.5k to almost $ 5K in 2025, a couple of assembly of 200%. That’s the reason extra necessities of such establishments might stimulate the ecosystem.

However Kang was proper on one factor – different block chains will report the tokenization tree. The truth is, rising competitors From Stablecoin-oriented chains with extra distribution channels might eat available in the market share of ETH.

But it may be too early for the Bearish wager for ETH. The truth is, earlier within the 12 months, Kang projected That ETH might slip underneath $ 1K; As a substitute, the Altcoin collected 3x.

That mentioned, ETH -accumulation addresses have reached a report excessive of 27.3 million ETH. Together with an imminent one Supply crunchThe background will be optimistic for ETH. This could improve the probabilities for a worth goal of $ 5K.

Supply: Cryptuquant

Within the case of a particularly bearish situation as projected by Kang, an important assist to look at can be $ 2.8k.

It doubled because the realized worth for accumulation addresses and stopped the H1 2025 -Pullback.

Supply: Cryptuquant