Ethereum: Tom Lee Calls Foundation Retreat Bullish
Ethereum at $1787.1 draws Tom Lee praise as mature protocol with industry replacing Foundation role, undervalued versus $300 trillion real estate.
SourceAnalysis
Ethereum draws fresh institutional attention after Tom Lee reframed the Foundation's shrinking role as proof of maturity rather than decay.
The analyst told @CryptoMichNL that no other chain has reached eleven years of Lindy survival, allowing the broader industry to organize around the protocol where Bitcoin never did. Underperformance stems less from the Foundation than from market perception, he added, while tokenization and AI-agent payments position ETH for multi-trillion-dollar scale.
Price action on the four-hour chart shows Ethereum holding a bullish structure at $1787.1 above both the EMA50 support at $1743.3 and EMA200 at $1745.63. MACD registers a golden cross at 8.22 while RSI sits neutral at 57.85, keeping momentum intact; traders now eye the upper Bollinger Band at $1807.39 as the next volatility target before any measured retracement.
That confluence supports longer-term ETH price prediction models even amid crypto market crash headlines, with AI industry impact via on-chain agents cited as the next catalyst.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast