A renowned Wall Street analyst has once again turned his attention to ETH. Tom Lee, co-founder of Fundstrat, recently expressed optimism about ETH's performance after the Fusaka upgrade on December 3, even providing a price range prediction of $20,000 to $50,000.

This analyst accurately identified the phase bottom of Bitcoin in 2022 and predicted the rebound trend of the US stock market at the beginning of 2023. He believes that the upcoming network upgrade will improve the technical aspect of ETH, and the potential policy adjustments by the Federal Reserve in December also bring possibilities for the market.

It is worth noting that BitMine, chaired by Tom Lee, has recently significantly increased its ETH holdings. Putting real money on the line is often more persuasive than simply making calls.

Of course, the market is never short of predictions, both accurate and inaccurate. Will the Fusaka upgrade truly bring breakthroughs at the technical level? Will macro liquidity improve as expected? The answers to these questions may still take time to verify. But at least for now, some institutional funds have already started to position themselves in advance.