Tom Lee: $3000 ETH is the most undervalued asset At Binance Blockchain Week on December 4, Bitmine Chairman Tom Lee stated that $3000 Ethereum is severely undervalued. He explained that the current downturn in the crypto market is primarily due to deleveraging, rather than the so-called 'four-year cycle.' He believes Ethereum's price has indeed bottomed out and revealed that last week they purchased nearly 100,000 ETH, which is double the amount they bought two weeks prior. He predicted: 'Bitcoin will reach $250,000 within a few months, and if Ethereum's ratio to Bitcoin returns to its average level, its price could hit $12,000 or even $22,000.' Source: 2025 Binance Blockchain Week