Ethereum: Outperforms Memory Stocks by 72 Points
Ethereum has outperformed memory stocks by 72 percentage points since June as Fundstrat's Tom Lee highlights 30% ETH gains versus 40% memory losses and Robinhood's tokenized assets revenue potential.
SourceAnalysis
Fundstrat's Tom Lee stated that Ethereum has outperformed memory stocks by 72 percentage points since the end of June, with investors losing 40% in memory while gaining almost 30% in ETH.
Lee added that Robinhood might generate a billion dollars annually from its newly launched chain, prompting every Wall Street firm to examine tokenized assets revenue opportunities.
Price action on the 4h chart shows Ethereum at $1915.46 inside the Bollinger Band with upper resistance at $1915.88 and lower support at $1832.3; the bullish EMA50 at $1881.57 and EMA200 at $1832.9 provide concrete support while MACD golden cross at 7.95 and neutral RSI at 62.3 suggest continuation toward the upper band before any retracement to the 50-EMA.
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