COINOTAG, October 20, 2026 — updated 04:24 UTC

Tom Lee, chairman of BitMine Immersion Technologies, expects Ethereum (ETH) to trade well above $10,000 within the next 12 months, according to COINOTAG. The outlook sets a defined 12-month horizon and a specific price level, giving it a clear benchmark against which ETH's market price can later be measured.

Lee is a veteran Wall Street strategist best known as the co-founder of independent research firm Fundstrat Global Advisors. He serves as chairman of BitMine, a company that has made ETH the core asset of its corporate treasury strategy, aligning it with a group of publicly listed firms that hold digital assets on their balance sheets. That dual role adds context to the forecast: the asset at the center of the projection is also the core holding of the treasury Lee oversees as chairman, placing his public price call alongside a balance-sheet strategy built on the same token.

COINOTAG's update noted the timing the forecast, stating: "A direct challenge to Ethereum's core vision landed the same week from an adjacent camp." The update did not identify the referenced challenge or the camp behind it.

The initial update did not specify the venue or further details of Lee's remarks beyond the 12-month price outlook. Any follow-up identifying the venue or the fuller text of the remarks would add context the initial summary left out.

This content was first published on COINOTAG.