Tom Lee projects Ethereum at $7,000–$9,000 in early 2026, eyes $20,000 later

On December 27, 2025, Fundstrat's Tom Lee reiterated a bullish path for Ethereum, targeting $7,000–$9,000 in early 2026 and a longer‑term move toward $20,000 driven by asset tokenization. Sharplink's Joseph Chalom expects Ethereum's TVL to grow tenfold in 2026 and says current TVL is approximately $68 billion as institutional adoption accelerates.