Ethereum price held near $2,440 as digital assets extended a strong recovery following seven months of losses from January’s highs.
The total cryptocurrency market increased 0.5% within 24 hours, reaching approximately $2.65 trillion. Bitcoin price traded around $78,500, while XRP price remained close to $1.38. Over 14 days, Ethereum advanced 29%, with gains of 22% for Bitcoin and 33% for XRP.
Tom Lee Predicts Ethereum Could Reach $6,000
Tom Lee expects Ethereum’s performance against Bitcoin price to improve before the end of 2026. The Fundstrat co-founder and Bitmine Immersion Technologies chairman shared his outlook on Friday’s Milk Road Show. Lee said the ETH-to-BTC ratio, recently near 0.03, could reach 0.04 by year-end.
Bitcoin price at $150,000 and a 0.04 ratio would place Ether near $6,000 under that scenario. He called the estimate conservative because the ratio approached 0.08 during the 2021 bull cycle.
LATEST: 📈 Tom Lee said Ethereum could reach around $6,000 if Bitcoin hits $150,000, telling Milk Road it’s actually a conservative price target. pic.twitter.com/4zD7y6TGTn
— CoinMarketCap (@CoinMarketCap) August 30, 2026
The projection reflects Ethereum’s recent relative market strength after its 29% gain during the latest 14-day period. However, both assets need sustained demand for Lee’s year-end calculation to remain achievable. The ratio will indicate whether Ethereum continues outperforming Bitcoin through the coming months.
CLARITY Act Could Fuel Ethereum’s Institutional Adoption
Lee named the CLARITY Act as Ethereum’s main near-term catalyst for institutional participation. The legislation would clarify U.S. digital asset oversight. It would also divide responsibilities between the SEC and CFTC.
The Senate is expected to hold an important cloture vote on September 15. That decision could determine whether the proposal advances toward further debate and approval. Lee said regulatory certainty matters more to traditional financial companies than established cryptocurrency businesses.
Clear rules could help banks and asset managers develop digital asset services with greater confidence. Still, Lee expects Ethereum to perform well if lawmakers fail to pass the legislation in September. Developers have continued innovating despite years without comprehensive regulatory clarity.
Ethereum ETFs Attract $102 Million in Daily Inflows
Institutional interest was also visible across United States spot Ethereum exchange-traded funds. The products registered $102.18 million in net inflows on August 28, extending their positive momentum. Total historical inflows reached $12.97 billion, while daily trading volume stood at $1.37 billion.
Their combined net assets rose to $15.23 billion, representing 5.20% of Ethereum’s total market capitalization. BlackRock’s ETHA received $83.79 million and led the session among individual funds.
ETHB followed with $42.64 million, although activity elsewhere reduced the industry’s final daily total. Continued inflows could strengthen liquidity and provide Ethereum with greater support during uncertain market conditions.
Ethereum Price Outlook This Week Eyes $2,500 Resistance
Ethereum price faces $2,500 as its main resistance level this week. A firm move above $2,500 could extend the developing recovery and open room for further gains as per the long-term ETH projection.
Repeated failure there could leave Ethereum price confined within its current range. The nearby $2,400 area offers an immediate reference if momentum weakens. Bitcoin’s movement will remain influential because Ethereum’s larger outlook relies partly on BTC reaching $150,000.
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