Wall Street Strategist Expects an Ethereum Rebound, and a Whale Bets $45M He Is Right

Wall Street strategist Tom Lee says Ethereum has hit a floor, and a large holder appears to share his view. The call arrives after a painful month for ETH, with the price stuck below its key trend lines. Early momentum signals offer some hope for buyers. Traders now want to see whether ETH can reclaim its averages or slips again. Lee, known for his bullish crypto calls, gave no price target or time frame. He argues that selling pressure on ETH looks exhausted. The call lands after ETH lost about 13% over the past 30 days.

Source: Crypto Daily