AsEthereumcontinues to be range-bound around the $2,900 zone, Tom Lee, the founder of Fundstrat, believes that a tokenization future can jump-start the largest altcoin.

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The popular market strategist noted,“Ethereum could probably go to $10,000 if the world realizes tokenizing assets is the future.”

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Lee acknowledged that while Ethereum’s innovation briefly slowed, it’s now gaining momentum with real-world asset tokenization being a major catalyst.

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This entails converting assets like stocks, real estate, and bonds, as well as other financial products, into digital tokens.

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Already, major firms, such as Coinbase through its Base network and Robinhood, are building on Ethereum, and this is enhancing its market position.

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Therefore, Lee believes that if tokenizing real-world assets becomes the next financial revolution, Ethereum is primed to be the backbone with ETH being the fuel driving a multi-trillion-dollar digital economy.

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Will Ethereum’s $3,000 Target See the Light of Day?

According to market analyst Lingrid, Ethereum has rebounded sharply after breaking out of a descending triangle, forming a higher low and tightening its price action. It now trades within a symmetrical pattern, with price compression building just below the resistance trendline, signaling a potential breakout.

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She added,“Breakout potential is growing as Ethereum eyes the upper confluence zone near the 3,000 target line. Bullish momentum is gradually building and the next move could be explosive.”

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Source: LingridOn the other hand, Ethereim ismimicking the early explosive growth of Bitcoin, raising possibilities of a major price breakout with all eyes on the psychological price of $4,000.

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At the time of this writing, Ethereum was trading at $2,974, representing an 18% increase in the past week.