- ETH-USD
-4.41% - BMNR
+13.49% - NVDA
-4.99%
Cryptocurrencies have had a rough time since October 2025, with most major coins and tokens trading deeply in the red. Not even the industry leaders have escaped the carnage, with <a href="https://cryptoz7.com/ethereum-whales-buy-the-bottom-as-etf-inflows-return-is-2438-next/” title=”Ethereum Whales Buy the Bottom as ETF Inflows Return: Is $2,438 Next?”>Ethereum‘s native cryptocurrency, Ether (CRYPTO: ETH), down more than 60% from its all-time high.
But Tom Lee, Wall Street analyst and chairman of Bitmine Immersion Technologies (NYSE: BMNR), thinks this could be an incredible opportunity to buy Ether. It currently trades at about $1,940 per coin, but he predicts it is about to embark on a staggering rally to $250,000, representing a potential gain of almost 13,000%.
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Lee says the transition to “Ethereum 2.0” could create a tremendous amount of value, and here’s what he means.
How does Ethereum work?
Ethereum is a platform where people develop decentralized software applications, which are popular in industries such as finance and gaming. These apps are governed by slivers of computer code called smart contracts that live on the Ethereum blockchain, and they typically can’t be changed. This approach ensures no person or company can manipulate an app’s rules or functions, so it always remains fully decentralized.
The Ethereum network itself is also decentralized, because it’s hosted on thousands of nodes, or computers, all over the world, which store an updated copy of its blockchain. Therefore, the network won’t be compromised even if some nodes suffer an outage, which is how Ethereum has maintained 100% uptime during the past decade.
Ether is the lubricant that keeps the network running. Whenever someone uses an Ethereum-based app, that person activates a smart contract and triggers a fee payable in Ether, which covers the computer processing costs. That means demand for Ether grows organically as the network becomes more popular, which should result in a higher value per coin, at least in theory.
What is Ethereum 2.0?
Tom Lee thinks there is a fundamental shift happening right now, which will see Ethereum leave the early non-fungible token (NFT) and crypto software application era behind, and move into the mainstream economy. He thinks major financial institutions will increasingly build payment rails on the network, and he also believes it could become the primary settlement layer for transactions conducted by artificial intelligence (AI)-powered agents.
