Key Takeaways – Ethereum surged roughly 30% in a week, a move Tom Lee says has historically acted as a “launch point” for substantially larger ETH rallies. – The BitMine chairman also believes easing financial conditions will benefit crypto after the US Treasury signaled it…
uld tap its roughly $950 billion cash balance to fund bond buybacks. – Lee’s backing of a $250,000 Ethereum scenario is back in focus. Ethereum has staged its strongest weekly rally in more than a year, prompting BitMine Chairman Tom Lee to argue that the crypto may have reached a historical “launch point” for further gains
ETH climbed roughly 30% over the past week to above $2,500, its biggest weekly advance since May 2025, while Bitcoin gained around 22% over the same period. Against that backdrop, one of the most extreme Ethereum valuations Lee has backed is returning to the spotlight: $250,000. Tom Lee Spots Ethereum ‘Launch Point’ After 30% Surge Ethereum’s latest rally caught Lee’s attention because of how rarely ETH has produced a weekly gain of this magnitude.
ETH gained approximately 30% over the past week, taking the crypto above $2,500 and marking its strongest weekly performance since May 2025. According to Lee, the two most recent comparable weekly moves occurred in May 2025 and July 2021. Both were followed by substantially larger gains. “ETH gained 30% in the past week,” Lee said.