Tom Lee Says Ethereum Firms Are ‘Elite Of Wall Street’ — Is His Bullish $9000 Prediction Possible?
CCN
Tom Lee praised institutional adoption on Ethereum, but analysts question his bullish $9,000 price prediction.Summary
Fundstrat co-founder Tom Lee asserted that major financial institutions building on Ethereum, such as the recently joined Amundi (Europe's largest asset manager), represent the "venerable and elite of Wall Street." This institutional adoption, which also includes BlackRock and Franklin Templeton choosing public Ethereum for tokenization, fuels Lee's long-term bullish price target of $7,000 to $9,000 by the end of January, despite near-term downside risk to $2,500. However, analysts like Valdrin Tahiri caution that technical indicators do not support this rally, noting Ethereum broke a key 220-day diagonal support and faces heavy resistance near $3,500, which could negate any bounce.
(Source：CCN)