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Why does VC believe Lee’s bull projection is “rebooted”?
Andrew Kang argued that the tokenized market has already exploded 1,000 times, but hasn’t supported ETH
Does ETH become $1k per Kang prediction?
It’s difficult to predict the future. However, the important ETH support and realisation price for the accumulation address was $2.8,000.
VC Partners predicted that Ethereum [ETH] Prices can maintain a range between $1k and 4K over the long term, and don’t trust FundStrat Cio Tom Lee’s bullish paper and $60,000 price target.
X (formerly Twitter) post On September 24th, Mechanism Capital’s partner Andrew Kang was called Lee’s projection “delay.”
He downplayed Lee’s positive ETH outlook based on tokenization and stable narrative.
He added that The tokenized market has grown 1,000 times since 2020, but Ethereum’s daily trading fees remained at its lowest level in five years.
“Tom’s arguments fundamentally misunderstand how value works and may lead you to believe that rates will shrink proportionally, but they are actually at the same level as 2020.”
Source: x
Banks don’t buy ETH, Kang says
Kang added that as Lee expects, large banks and institutions have not purchased ETH and will not bid in the future. He added that it is similar to oil, with banks simply saying “we will pay it when we need it.”
For an unfamiliar cryptocurrency company led by Lee Bitmine It’s accumulated A $21 billion ETH, driven partially by the expected Stablecoin and Tokenization Boom.
In fact, this new demand line was raised in 2025 by ETH from $1.5,000 to nearly $5,000, with around 200% of the rally. Therefore, more demand from such institutions could boost ecosystems.
But Kang was right in one thing – the other blockchains capture the tokenization boom. In fact, it’s growing competition From Stablecoin-centric chains with more distribution channels, you can eat up ETH’s market share.
Still, it may be too early to be a bearish bet on ETH. In fact, at the beginning of this year, projection That ETH can fall below $1K. Instead, Altcoin has tripled.
That said, ETH’s accumulated addresses have hit a record high of 27.3 million ETH. It’s approaching Supply crunchbackground can be a positive for ETH. This could increase the odds for your $5,000 price target.
Source: Cryptoquant
However, for the extreme bearish scenario Kang is predicting, the main support for watching is $2.8K.
We have doubled the realization price of the accumulated address and stopped pullback on H1 2025.
Source: Cryptoquant