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🚀 FUNDSTRAT’S TOM LEE: ETHEREUM WILL NOT FALL BELOW $4,000, PREPARING TO SURPASS $5,000
🟢 Ethereum dropped to $4,341 before recovering above $4,550, down 8% from the peak of $4,946. However, Tom Lee (Fundstrat) believes that ETH has formed a short-term bottom and will soon move towards $5,000 – $5,450.
🟢 Lee stated that the best-case scenario is for ETH to hold above $4,000 to gain strong momentum by the end of the year. Many market surveys also indicate that 80% of investors believe ETH will break $5,000 in 2025.
🟢 However, some experts warn that ETH is technically overbought and could easily correct in September – which is often a weak month for crypto. The Fed's interest rate decision in mid-September will also be a key factor.
> ETH is ready for a breakout above $5,000, but will September be an important 'test'?
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➡️ Update crypto market information at: