According to BlockBeats, Tom Lee outlined three Ethereum price targets on May 8 at Consensus Miami 2026. If Bitcoin reaches $250,000 and the ETH/BTC ratio returns to 2021 highs, Ethereum would trade around $22,000. If the ETH/BTC ratio reaches 0.25, Ethereum could reach approximately $62,000. Under a scenario where tokenization explodes and Ethereum becomes the primary settlement layer, the price could reach $250,000. Lee also noted that BitMine is currently purchasing approximately 100,000 ETH weekly, targeting 5% of total Ethereum supply within six weeks.
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