Ethereum: Tom Lee Flags Narrative Shift at $1735

Tom Lee told @CryptoMichNL that Ethereum’s value has not diminished, only its narrative has shifted after other chains captured attention and the Foundation narrowed scope.

The Fundstrat strategist compared tokenized real-world assets to gold’s $22 trillion market and equities above $100 trillion, arguing Ethereum at roughly $300 billion sits grossly undervalued for the settlement layer of that future.

Technical Confluence shows price at $1735.18 testing the lower Bollinger band support near $1739.19 while the 50-EMA at $1730.58 offers immediate structural backing; the 200-EMA at $1747.54 sits just overhead as resistance, RSI at 43.25 remains neutral and the MACD death cross signals short-term momentum loss, suggesting a brief consolidation before any continuation higher.