Ethereum Could Hit $15K, Says Fundstrat’s Tom Lee, Citing Wall Street’s Growing Blockchain Bet
Ethereum is gaining fresh momentum from institutional investors, with Fundstrat’s Tom Lee forecasting that ETH could reach $15,000 in the medium term, driven by real-world asset tokenization and booming stablecoin adoption.
“Ethereum is Wall Street’s preferred blockchain,” Lee said, referencing increased corporate alignment with the network, including JPMorgan’s stablecoin initiative and Robinhood’s tokenization platform — both built on Ethereum.
Lee pointed to a valuation framework developed by Fundstrat’s Head of Digital Asset Strategy, Sean Farrell, which uses EBITDA multiples similar to those applied to fintech firms like Circle. Based on that model, ETH could justifiably be valued between $10,000 and $15,000, Lee said in a recent interview with CoinDesk.
In the short term, Fundstrat’s Head of Technical Strategy, Mark Newton, sees ETH potentially hitting $4,000 before July ends. Lee agreed, suggesting that level is just a stepping stone, with room for substantial upside by year-end, depending on adoption trends.
On-chain data backs the bullish sentiment. According to analyst Ali Martinez, Ethereum whales have accumulated more than 500,000 ETH over the past two weeks — typically a precursor to major price moves or ecosystem expansion.
Lee also noted Ethereum’s dominance in tokenized real-world assets (RWAs), which currently accounts for over 60% of the market. If stablecoins grow beyond the $2 trillion mark — a projection made by Treasury Secretary Bessent — Ethereum would stand to benefit significantly from increased usage and network value.
As of 16:41 GMT on July 19, ETH was trading at $3,564.10, down 0.26% in the past 24 hours, according to CoinDesk.
Technical Analysis Snapshot
- Volatility: ETH moved between $3,670 and $3,481 from July 18 to July 19 — a 5% swing.
- Selloff: The steepest drop occurred on July 18 between 14:00 and 20:00 UTC on heavy volume (830K+ ETH).
- Support & Resistance: $3,670 acts as resistance; $3,480 holds as key support.
- Consolidation Zone: ETH is trading between $3,540 and $3,600, with falling volume hinting at reduced selling pressure.
- Late Strength: ETH rebounded in the final hour of trading on July 19, climbing from $3,546 to $3,558 on rising volume — a potential signal of institutional re-entry.
