Tom Lee Highlights Ethereum's Potential to Reach $60,000, Here's His Analysis.

Ethereum is back in the spotlight after macro analyst Tom Lee called the asset a “generational play” with potential upside of up to 3,000% .

This projection puts the price of ETH at around $60,000 in the long term , specifically towards 2030.

This prediction isn't without basis. Technical analysis shows that a previously established pattern is now re-forming on Ethereum's long-term chart.

Old Pattern Resurfaces, $60,000 Target in the Spotlight
om Lee Highlights Ethereum...
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Tom Lee Highlights Ethereum's Potential to Reach $60,000, Here's His Analysis
Posted on May 03, 2026 in
Altcoin , News , Ethereum
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Tom Lee Highlights Ethereum's Potential to Reach $60,000, Here's His Analysis
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Ethereum is back in the spotlight after macro analyst Tom Lee called the asset a “generational play” with potential upside of up to 3,000% .

This projection puts the price of ETH at around $60,000 in the long term , specifically towards 2030.

This prediction isn't without basis. Technical analysis shows that a previously established pattern is now re-forming on Ethereum's long-term chart.

Old Pattern Resurfaces, $60,000 Target in the Spotlight
ethereum tet
Source: TradingView Cointelegraph

According to analysis re-shared by Tom Lee, Ethereum is currently within an ascending channel that has been forming since 2017.

This channel is a gradual upward price pattern, where the lower line acts as support and the upper line acts as resistance.

In 2020, ETH briefly bounced off the bottom line of this channel and then rose by around 5,200% to reach the cycle peak.

Now, a similar situation is occurring again. The ETH price appears to be stabilizing in a long-term support area, specifically around $1,300–$2,000 , known as the accumulation zone .

If this pattern repeats, projections show potential for a gradual increase to around $15,800 in 2028 and reaching $60,000 in 2030.
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