Wall Street’s most vocal crypto bull is doubling down on Ethereum, as Fundstrat’s Tom Lee set a year-end price target of $9,000 to $12,000 for ETH. Lee’s investment firm, Bitmine, currently holds 5.5 million ETH—roughly 4.6% of the total supply and valued at around $9.5 billion—and is steadily moving toward a 5% share of the network. Despite Ethereum changing hands at only $1,815, down 65% from its August 2025 peak of $4,954, Lee remains unfazed. The Crypto Fear & Greed Index sits at 12, reflecting extreme fear, yet Lee’s forecast calls for a potential 6x return from current levels.
The bullish outlook on Ethereum isn’t the only signal catching traders’ attention. Dogecoin (DOGE) has just printed a weekly bullish divergence—a pattern last seen at the 2022 bottom, which preceded a rally of over 700%. DOGE is trading near $0.089, with support holding at $0.083 and resistance at $0.10. According to CryptoNews, large DOGE holders accumulated 200 million tokens in the first week of June 2026, indicating quiet accumulation during the correction. Analysts now see a near-term target of $0.10–$0.12, a potential 15–35% move, though with a $15.22 billion market cap, the scale of the bounce may be limited compared to earlier cycles.
Meanwhile, a new meme coin presale, Pepeto, has raised over $10.27 million and secured a CoinMarketCap page before its market debut. The project offers a cross-chain bridge, zero-fee exchange, and an AI-driven risk scorer, but the broader market is more focused on the institutional and on-chain signals for ETH and DOGE. As fear grips retail, large players appear to be positioning for the next leg up.
