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no one’s talking about this 🧠🔥 Ethereum about to moon after hitting rock bottom, Tom Lee says 🚀📉
tom lee predicts ethereum nearing cyclical bottom: on-chain fundamentals, relative valuation vs bitcoin key indicators: ethereum’s infrastructure, role in tokenization, stable
Fundstrat co-founder Tom Lee believes Ethereum is nearing a cyclical bottom, citing on-chain fundamentals and relative valuation against Bitcoin. Despite recent market corrections, Lee sees Ethereum’s core investment narrative remaining strong. He emphasizes Ethereum’s role as a neutral infrastructure for tokenization and stablecoins, crucial for Wall Street’s blockchain ambitions. Lee points to the value of assets locked on the Ethereum blockchain and Ethereum’s valuation relative to Bitcoin as indicators of its undervaluation compared to historical levels, hinting at a potential bottoming out for Ethereum this week.
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