Wall Street Strategist Expects an Ethereum Rebound, and a Whale Bets $45M He Is Right

Quick Take Tom Lee says Ethereum is bottoming, and one large holder has bet on that view. Momentum on the daily chart has started to turn up, though sellers still lead the trend. Traders are watching the first resistance just above the 200-day average as the first real test. Wall Street strategist Tom Lee says Ethereum has hit a floor, and a large holder appears to share his view. The call arrives after a painful month for ETH, with the price stuck below its key trend lines. Early momentum signals offer some hope for buyers. Traders now want to see whether ETH can reclaim its averages or slips again.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.