BlockBeats News, August 28th. Tom Lee, as the newly appointed Chairman of the Board of BitMine, the first Ethereum treasury company, has been frequently making bullish calls on ETH recently, successfully predicting three times in August:

During the market pullback on August 19th, Tom Lee stated that a pullback to the $4075 to $4150 range was healthy, and the market subsequently saw a rebound;

On August 20th, prior to Fed Chairman Powell's dovish speech, Tom Lee predicted that the market would rise due to the speech, after which Ethereum briefly broke through $4900;

On August 26th, during another market pullback, Tom Lee predicted that ETH would bottom out in the next few hours, once again proving correct as ETH saw a rebound.

In an interview on August 27th, Tom Lee made his latest prediction, stating that ETH will rise to $5500 in the coming weeks, with a year-end target price of $10,000 to $12,000, and reaching $60,000 within five years.