Ethereum to $60K? It's a 'generational play' for ETH bull Tom Lee, says analyst
Analyst Crypto Patel has identified a long-term ascending channel in Ethereum's price chart dating back to 2017, suggesting a potential rise to $60,000 by 2030 if historical patterns repeat. Fundstrat co-founder Tom Lee, who reposted the analysis, supports the bullish outlook and recently led BitMine in acquiring $235 million worth of Ether despite current unrealized losses. While the setup points to a 'generational play,' a breakdown below key support near $1,834 could invalidate the bullish thesis and lead to further declines.
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Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. Ethereum to $60K? It's a 'generational play' for ETH bull Tom Lee, says analyst MarketsPublishedApr 30, 2026ETH price is retesting a long-term support trend line that previously preceded a 5,200% rally, a fractal setup pointing to a potential move toward $60,000 by 2030. Fundstrat co-founder Tom Lee shared a "generational play" thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000.Key takeaways:ETH is testing a key long-term support trend line that preceded 5,000% gains in the past.Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030.ETH price chart: Giant ascending channel targets…
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