Tom Lee Issues Rare Bearish Ethereum Warning
Photo: U.Today
Top Ethereum (ETH) bull and co-founder of Fundstrat Tom Lee has issued a very unusual bearish alert for the second-largest crypto. According to his latest post on X, Lee sounded an alarm about the potential negative impact of the dramatic stock market drop in South Korea on the crypto market, which may trigger more ETH sell-offs. "This major decline in Korean equities is likely spilling over into crypto," Lee wrote. Lee expressed serious concern about South Korean brokerages' margin liquidations.
Source: U.Today
