Ethereum: Tom Lee Calls $300B Valuation Grossly Undervalued

Ethereum dropped from nearly $5,000 to $1,788 while Tom Lee stayed firm: nothing fundamental changed. Gold, equities and real estate together exceed $422 trillion; once tokenized they settle on-chain, he told @CryptoMichNL, making the current Ethereum capitalization look mispriced.

Price sits inside the Bollinger Bands at $1,788.34 with upper resistance at $1,803.43. The 50-EMA at $1,728.3 and 200-EMA at $1,748.69 continue to act as layered support in the prevailing bullish structure. RSI at 59.59 leaves room before overbought territory, yet the MACD death cross signals near-term momentum caution; a measured pullback toward the 50-EMA confluence remains the highest-probability path before any continuation higher.