Tom Lee, co-founder of Fundstrat, recently made a significant statement—he believes that Ethereum will see a substantial increase after the upcoming Fusaka upgrade, with a target price range of $20,000 to $50,000.

This person does not just speak casually. Looking back at his prediction record: when Bitcoin plummeted to $6,000 in 2018, the market was in despair, but he used the miner cost model to determine that it had already bottomed out, and later BTC indeed rose to a new high; at the end of 2022, when the crypto market was at a freezing point, he firmly believed in a rebound in 2023, and even accurately predicted the trend of the S&P 500 with astonishingly small margins of error. Every time panic spreads, his contrarian judgments are often validated by the market.

On December 3rd, the Fusaka upgrade is imminent. This upgrade will significantly improve the network performance of Ethereum, lower the barriers to entry, and enhance overall attractiveness. At the same time, the Federal Reserve's policy meeting in December may signal liquidity easing, which would be a clear boost for crypto assets. More importantly, Tom Lee is not just talking — BitMine, where he serves as chairman, increased its holdings by 96,798 ETH last week and raised its weekly purchase volume by 39%.

BitMine currently holds over 3.72 million Ether, with the company's total cryptocurrency assets and cash reaching approximately $12.1 billion. The company has clearly stated that it is optimistic about the market in December, which is why it has increased its buying intensity. This kind of real investment action is more persuasive than any analytical report.

With a technical upgrade imminent, macro policies expected to be relaxed, and institutional funds continuously entering the market—these factors combined make Ethereum's upcoming performance indeed worthy of attention. Of course, the market is always full of variables, but at least from multiple dimensions, ETH's current fundamentals are improving.