Tom Lee says ETH could hit $62K, Stocks and ETFs Rebounds

Tom Lee says $ $Ethereum(ETH.USD.CC)$ $Grayscale Ethereum Mini Trust ETF(ETH)$ could hit $62,000.

Tom Lee just dropped bombs:

• $Bitcoin(BTC.USD.CC)$ → $1M long term

• $Ethereum(ETH.USD.CC)$ → $60K in 5 years

• 50% chance $ETH flips $BTC

• $SOL & $SUI → benefit from tokenization wave.

Fundstrat believes its the "biggest macro trade' for the next 10-15 years.

Wall Street & AI have chosen Ethereum. ETH is now the fifth-largest ETF in the US by investment volume.

In August alone, BlackRock's ETHA fund saw $3.85 billion in inflows, a level that other ETFs typically take decades to reach. The demand for investing in Ethereum is undeniable.

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• $BitMine Immersion Technologies Inc.(BMNR)$ holds $8.581 billion in ETH, BTC, and cash, but its total stock market capitalization is only $7.783 billion.

• $SharpLink Gaming(SBET)$ holds $3.664 billion in ETH and cash, but its total stock market capitalization is only $2.96 billion.

• $Hyperion DeFi, Inc.(HYPD)$ holds $68.42 million in HYPE, but its stock market capitalization is as low as $33.48 million.

Related leveraged/strategy ETFs saw the largest gains:

• The $T-Rex 2X Long Ether Daily Target ETF(ETU)$ surged 9.87%,

• The $2X ETHER ETF(ETHU)$ rose 9.69%，

• The $Ultra Ether ETF(ETHT)$ increased 9.61%.

Market Analysis:

Macroeconomic sentiment is aligning with this.

Expectations of a September Federal Reserve rate cut are growing, leading to a broad rebound in risk assets. The crypto sector, along with US AI/tech stocks, has risen, with ETH, a higher-beta asset, leading the gains.

ETF funds are flowing in and out.

Although there was a net outflow on the first day of September, spot ETH ETFs recorded a net inflow of approximately $40.8 million on September 3rd, ending a three-day streak of redemptions. The market is re-pricing the narrative of "supply tightening + institutional reallocation."

Market read-through:
With spot ETF inflows resuming, exchange ETH balances at a 5-year low and a high-profile $60k price-target now anchoring sentiment, short-dated upside calls are being recycled into leveraged ETFs—creating a reflexive gamma squeeze that could extend toward the $4,600 technical resistance band in the near term.

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