TLDR
- Tom Lee says ETH could reach $6,000 if Bitcoin hits $150,000 by year-end 2026
- Ethereum ETFs recorded $102 million in daily inflows on August 28
- ETH has gained 34% in the past 30 days, outperforming other top-5 tokens
- The MVRV Ratio is approaching a historically bullish threshold near zero
- Key resistance sits at $2,500, with near-term target of $2,800
Ethereum is trading around $2,440–$2,465, continuing a recovery that has seen the asset gain 34% over the past 30 days. That makes ETH the best performer among the top five cryptocurrencies in that period.
The total crypto market cap stands at roughly $2.65 trillion, up 0.5% in 24 hours. Bitcoin is trading near $78,500 and XRP near $1.38.
Fundstrat co-founder Tom Lee appeared on the Milk Road Show and laid out a straightforward scenario for Ethereum. If Bitcoin reaches $150,000 and the ETH-to-BTC ratio moves from its current level of 0.03 to 0.04, Ethereum would land near $6,000. Lee described this as a conservative estimate, pointing out the ratio reached 0.08 during the 2021 bull cycle.
CoinMarketCap shared the clip on X, highlighting Lee’s view that $6,000 is actually a modest target given historical context.
Analyst Ted Pillows also weighed in on X, saying that $ETH is “about to do the opposite of what it did in the last 12 months,” adding that earlier every pump was for selling, but now every dump will be for buying — suggesting a shift in market structure.
$ETH is about to do the opposite of what it did in the last 12 months.
Earlier, every pump was for selling.
Now, every dump will be for buying. pic.twitter.com/hqvPKYsqam
— Ted (@TedPillows) August 30, 2026
Lee also pointed to the CLARITY Act as a key catalyst. The proposed legislation would split digital asset oversight between the SEC and CFTC. A cloture vote in the Senate is expected on September 15. Lee said regulatory clarity matters more to traditional financial firms than to crypto-native businesses.
ETF Inflows Show Institutional Demand
Spot Ethereum ETFs in the U.S. pulled in $102.18 million on August 28. BlackRock’s ETHA led with $83.79 million. Total historical inflows for the products have now reached $12.97 billion, with combined net assets at $15.23 billion — equal to 5.20% of ETH’s total market cap.
Bitcoin Spot ETFs Recorded $924 Million in Net Inflows Last Week
From August 24 to August 28 (ET), U.S. spot Bitcoin ETFs recorded $924 million in net inflows, led by BlackRock’s IBIT with $938 million. Spot Ethereum ETFs recorded $824 million in net inflows, led by BlackRock’s… pic.twitter.com/XcK6TXrNCe
— Wu Blockchain (@WuBlockchain) August 31, 2026
On-Chain Data Flashes Buy Signal
The MVRV Ratio, tracked by Santiment, has moved from -45% to -7%. In four of the last five instances where this metric crossed above zero, it marked the start of a bull market for ETH. A close above $2,800 could trigger that signal.
The weekly RSI also dropped to 30 and recovered — a pattern that has historically marked cycle bottoms for Ethereum.
On the daily chart, ETH broke above the $2,400 resistance level and its 200-day EMA. Analysts see potential for a liquidity grab in the $2,300–$2,400 range before the next leg up.
The Crypto Fear and Greed Index hit 78 — the highest reading since December 2024, when ETH was trading near $4,000.
BlackRock’s ETHA recorded $83.79 million in inflows on August 28, leading all individual Ethereum ETF products for the session.
