Tom Lee: Ethereum Could Break $5,000 by Year-End, This Cycle Could Reach $50,000

Odaily reports that Kyle Samani, co-founder of Multicoin Capital, has announced that his largest personal angel investment has gone to Backpack. On September 2, Backpack announced that Kyle Samani has joined the Backpack US board of directors. Samani has long focused on DeFi, blockchain infrastructure, and the development of global capital markets. Backpack stated that this appointment reflects a shared conviction between both parties: the future of global finance will combine institutional-grade risk controls with the efficiency and transparency of on-chain markets.

Odaily reports that Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.

Odaily reports, according to OKX market data, ETH has broken through 2500 USDT, currently trading at 2500.05 USDT, up 0.36% in 24H.

PPP prediction market tool monitoring shows that in the "CS2 EPL Katowice Semifinal Vitality vs Aurora" prediction event, an account with $30,000 in profit(0x3eb31daa061a19855cbf0a4884c202fb86976a2a) purchased $81,000 on Vitality to defeat Aurora, with an average entry price of 75.9¢, buying 107,208.9 shares.This match starts on October 10 at 21:45, played in a BO3 format, with the winner advancing to the Grand Final.Join the PPP signal push community to stay one step ahead and seize the opportunity.

Odaily reports: Crypto analyst Darkfost posted on X platform that Bitcoin's current price action is quite similar to the market pattern seen from late 2025 to early 2026, with the price continuing to oscillate around the capital-weighted cost basis, and $80,500 possibly being a key near-term support level. Unlike realized price, which only calculates the purchase price, the capital-weighted cost basis metric weights holding costs based on the scale of invested capital, and is therefore regarded as an important zone for measuring the market's average profit and loss status.Darkfost further noted that the current zone is a key pivot where investors on average are at the critical threshold between profit and loss, and market uncertainty may prompt more investors to take action. The $80,500 level may currently serve as support, but future price action still requires continued attention.

According to Odaily, Arkham monitoring shows that about 4 hours ago, a whale withdrew 440,249 WLD, worth nearly $250,000, from Bybit through a newly created wallet under its name. The address had previously purchased ETH through multiple transactions a week ago, with a total investment of over $1 million.