Fundstrat’s Tom Lee, who is also the chair of Ethereum treasury firm BitMine, still expects Bitcoin to set a new high this year.
💡 DMK Insight
Tom Lee’s bullish outlook on Bitcoin could signal a broader crypto rally, but here’s the catch: While Lee’s confidence might inspire some traders, it’s crucial to consider Ethereum’s current price at $2,938.02. If Bitcoin does push to new highs, Ethereum often follows suit, but it can also face significant resistance levels. Traders should keep an eye on the $3,000 mark for ETH, as a breakout could trigger further gains. However, if Bitcoin’s rally is fueled by speculative trading rather than solid fundamentals, we could see a sharp pullback, impacting both BTC and ETH. The real story is whether institutional interest will sustain this momentum. If whales start accumulating BTC, it could create a positive feedback loop, lifting altcoins like ETH. Conversely, if the market sentiment shifts, we might see a quick reversal. Watch for volatility in the coming weeks, especially around key economic indicators or regulatory news that could sway investor confidence.
📮 Takeaway
Monitor Ethereum’s resistance at $3,000; a breakout could signal a broader crypto rally if Bitcoin gains momentum.






