Billionaire investor Tom Lee is signaling a bottom. While the market panics and sells off to find safe havens like gold, Lee argues that $ETH is decoupling from the strengthening fundamentals, creating an excellent entry point for smart money.
🔹 Price & Utility Conflict
Lee notes that the recent decline was merely a liquidity sweep to shake off excess leverage. Beneath the surface, the number of Weekly Active Addresses has reached a new All-Time High (ATH) (>825,000), surpassing even the peak of the 2021 bull market.
The fundamentals are accelerating while the price lags behind. Lee believes that the synchronization of price and fundamentals is only a matter of time.
🔸 The Shark's Confidence Bets Billions
Action speaks louder than words. Lee's ETH treasury company bought an additional 20,000 ETH during the dip on Tuesday, despite incurring unrealized losses of up to $7 billion. They are averaging down (DCA), not capitulating.
🔹 Opportunity to Increase 130%
ETH is testing the lower edge of the ascending triangle pattern that has lasted throughout the cycle.
RSI is approaching 30, signaling that capitulation may be over.
A bounce from here will aim towards the upper boundary of the model at $5,000 (+130%). If it breaks, the price discovery process could lead to $10,000 (+365%), with the theoretical long-term target of the cycle being $30,000.
🔹 The ultimate counter-trend play.
Basic Status > Prices.
Smart money is buying into fear. If the triangle support holds, the shakeout has ended and the path to $5k is wide open.
BitMine just bought 20k ETH while being down $7 billion. Do you have enough confidence to follow the billionaire, or is the macro fear too great?
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