Ethereum: Tom Lee Sees Grossly Undervalued Asset

Ethereum has slipped below $2000 from nearly $5000 six months ago, yet Tom Lee tells @CryptoMichNL that fundamentals remain intact and the narrative simply needs to realign with unchanged value.

Price action on the 4h chart shows a bullish trend with EMA50 at $1741.62 and EMA200 at $1745.52 acting as concrete support while MACD prints a golden cross at 7.38; with price testing upper Bollinger resistance at $1806.89 and RSI at 59.93 still neutral, a measured pullback toward the 50-EMA confluence appears probable before continuation higher.