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Will Ethereum Price 100X?
Tom Lee’s bullish forecast rests on Bitcoin’s historic uphill run, expecting the same for Ethereum after growing institutional numbers. In a recent X post, Lee hinted at Ethereum being part of the same supercycle that saw Bitcoin soar to multiple all-time highs.
According to him, the altcoin leader has a good chance of rallying, given Bitcoin’s rise since 2017, when the asset was first recommended to Fundstrat’s clients. At the time, BTC traded at $1,000, with frequent downward movements, wiping out up to 75% of its market cap.
Currently, Bitcoin has hit 100X since the first recommendation in 2017 and has bagged projections for a wider rally. Within 8 years, six dips wiped out 50% of the market cap while 3 declines swept up to 75%.
“2025, Bitcoin 100x from our first recommendation. TAKEAWAY: To have gained from that 100x Supercycle, one had to stomach existential moments to HODL. WHY? Crypto prices are discounting a massive future. So doubts create volatility. TODAY: We believe $ETH is embarking on that same Supercycle. PS: The path is not a straight line
 
HODL.”
Several recent wins back this projection for Ethereum. For a bullish ETH to hold sway, institutional investors must dominate the market as in Q2 2025. Furthermore, a spike in traders’ sentiment toward altcoins is expected with capital inflows to Solana (SOL) and XRP.
Bitcoin’s upward momentum peaked amid the influx of traditional investors away from miners and pro-market players. The approval of spot Bitcoin ETFs opened a new window for these investors to gain exposure to the asset class.
Inflows reached new highs the following year, driven by treasury firms’ activities. For Ethereum to hit 100X per Lee’s forecast, the asset needs similar inflows from institutional investors.
Technically, this is often described as a major barrier between Bitcoin and Ethereum, as the former has attracted more liquid adopters. However, Ethereum corporate holders like SharpLink, BitMine, and others have fueled traders’ belief above the current dip. ETH price is down about 45% from its all-time high at the time of writing.