Recently, Tom Lee, a well-known figure on Wall Street who has been in the spotlight for his billion-dollar ETH purchases through BitMine, suggested that after Ethereum breaks its price record, a much larger rise movement could be seen.

Lee, in his assessment of the issue, stated, "The surpassing of ETH's ATH level, according to historical data, will be the beginning of a much larger rise movement. There is a saying often heard in the markets, 'The wider the base, the larger the break.' This also has quite a wide base."
Lee refers to the expression of a wide base, indicating that ETH has gone through a prolonged consolidation/accumulation period before breaking a new record. This suggests that Ethereum has gathered more energy, meaning the breakout could be larger and the rise could be sustainable.
ETH rose to as high as 4,887 dollars yesterday, surpassing the 4,868 dollar level. Thus, the cryptocurrency broke its record from 2021. Today, in the evening hours, ETH is finding buyers at 4,750 dollars.