Tom Lee says weak ETH price reflects market impatience, sees 2-3 more bullish years

Bitmine Chairman and Fundstrat co-founder Tom Lee said on X that Ethereum’s recent price performance has been disappointing, but reflects market impatience. Lee said progress has been made this year in a tokenization supercycle, with most of it taking place on Ethereum. He added that Vitalik Buterin, the creator of Ethereum, has affirmed ETH as a store of value, that the crypto upcycle is only just beginning, and that the AI boom is not absorbing all new inflows of capital. Lee said the crypto market is likely to remain bullish over the next two to three years.