Tom Lee, newly appointed Chairman of the Board at BitMine, has issued a series of public market observations that coincided with near-term Ethereum moves in August. Lee noted a healthy pullback to the $4075–$4150 range on August 19, anticipated upside ahead of Fed Chair Powell’s dovish remarks on August 20 when ETH price briefly exceeded $4,900, and called an intraday bottom on August 26 prior to a subsequent rebound.
In an August 27 interview Lee reiterated bullish projections for Ethereum, including a near-term target of $5,500 and longer-term year-end ranges of $10,000–$12,000 and a multi-year view toward $60,000. These statements are forecasts made by Lee and should be treated as analyst projections; market participants are advised to conduct independent due diligence and manage position risk accordingly.