Foreign media: Tom Lee of Fundstrat believes that Ethereum’s recent rally may just be the beginning of a larger move. ETH rose approximately 30% over the past week, and he notes that similar weekly gains were followed by stronger continuation moves in May 2025 and July 2021.
Market sentiment shifts
Lee believes that the fundamental conditions of the current crypto market are improving, and ETH’s recent rally is simply making up for previously suppressed momentum. He also noted that further easing in the financial environment could continue to support crypto assets.
Wall Street is paying attention to tokenization
Lee also listed tokenization and agentic AI as potential catalysts for Ethereum. He noted that Wall Street’s interest in tokenization is growing, and the expansion of AI-related applications could also drive demand within the Ethereum ecosystem.
Bitmine's position continues to increase
Meanwhile, Bitmine’s Ethereum holdings have increased to nearly 5.85 million ETH. The report views this change as a sign that institutions continue to favor Ethereum.