ETH May Surge to $4,000 Soon and Climb Toward $15,000 in the Coming Months, Fundstrat’s Tom Lee Forecasts

Ethereum Eyes $15K as Institutional Momentum Builds, Says Fundstrat’s Tom Lee

Ethereum (ETH) continues to attract deep-pocketed investors, with renewed whale accumulation and high-profile endorsements fueling a bullish outlook. According to Fundstrat’s Tom Lee, ETH could climb to $15,000 in the medium term, with $4,000 in sight before month’s end.

In a recent interview with CoinDesk, Lee—Head of Research at Fundstrat and Chairman of Bitmine Immersion Technologies—outlined a valuation model developed by Sean Farrell, Fundstrat’s Head of Digital Asset Strategy. The model applies EBITDA-based multiples similar to those used for fintech firms like Circle. Based on this, Lee believes ETH’s long-term value could fall in the $10,000 to $15,000 range.

Supporting this view, Fundstrat’s Head of Technical Strategy, Mark Newton, projects a short-term rally to $4,000 by the end of July, citing strong technical setups and growing demand.

On-chain data mirrors this sentiment. As noted by analyst Ali Martinez, Ethereum whales accumulated more than 500,000 ETH in the past two weeks—typically a bullish signal suggesting confidence in the network’s outlook.

Lee also emphasized Ethereum’s dominance in real-world asset (RWA) tokenization. Over 60% of tokenized RWAs are hosted on Ethereum, and Lee believes the network will benefit disproportionately if the stablecoin market surpasses the projected $2 trillion milestone, as forecast by U.S. Treasury Secretary Bessent.

“Ethereum is Wall Street’s top choice for blockchain infrastructure,” Lee said, pointing to JPMorgan and Robinhood’s adoption of Ethereum-based platforms as clear signs of growing institutional preference.

As of 16:41 GMT on July 19, ETH was trading at $3,564.10, down 0.26% over the previous 24 hours, according to CoinDesk data.

Technical Snapshot: ETH Price Action (July 18–19)

• Range: ETH traded between $3,480.58 and $3,670.26, reflecting a 5% fluctuation.
• High-Volume Selloff: ETH declined sharply on July 18 from $3,670 to $3,481 on peak volume of 830,808 ETH.
• Key Levels: Resistance is firm near $3,670; support holds around $3,480.
• Consolidation: Price stabilized between $3,540–$3,600 on declining volume, hinting at waning selling pressure.
• Final Hour Surge: ETH climbed from $3,546 to $3,558 in the last hour of trading, supported by rising volume—a potential indicator of institutional buying.