Ethereum Price Will Bottom This Week, Predicts Tom Lee

Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin indicate that ETH is “pretty close to bottoming this week. ” “Personally, I think that we’re pretty close to bottoming this week,” Lee told CNBC, linking the current drawdown to a broader crypto correction that began after a sharp liquidation event on October 10. Despite that shock, he insisted that Ethereum’s core investment story remains intact. Will Ethereum Bottom This Week? For Lee, that story centers on Ethereum as neutral infrastructure for tokenization and stablecoins, increasingly relevant as Wall Street intensifies its on-chain ambitions source: https://www.newsbtc.com/news/ethereum/ethereum-price-will-bottom-this-week-tom-lee/