The Modern Investor's call on ETH for October 24, 2026: where the author expects the price to go and which levels matter. Other bloggers' calls are added here during the day. This is the author's opinion, not investment advice.
Bitmine chairman Tom Lee is putting forward a $10,000 price target for Ethereum by the end of 2024, says The Modern Investor in its coverage. Lee attributes this to the kind of aggressive accumulation of positions seen from big banks and corporations.
For his part, the Bitmine chief points to those institutional purchases as the reason Ethereum could leave $10,000 behind before 2024 is out. He is not lacking conviction himself; his firm has assembled a 4.9% holding in Ethereum with an eye toward reaching 5% of the total.
There are signs to support such an optimistic view. A piece in Forbes on Ethereum’s preeminence and JP Morgan’s decision to test its payment system with JPM Coin on the network are just two examples. The Modern Investor claims that the market is all about Ethereum at present, which may be a harbinger of more widespread altcoin gains. And should Lee be right, one could make the case for Bitcoin hitting $250,000 in 2030.
This article reflects the channel authors’ opinions and is not investment advice.
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