Ethereum is ‘the biggest macro trade,’ says analyst – 3 reasons why
The post Ethereum is ‘the biggest macro trade,’ says analyst – 3 reasons why appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum could benefit from three catalysts: stablecoins, Project Crypto, and AI. Despite a 12% correction, some ETH traders were betting on a potential recovery. Wall Street strategist and Fundstrat Chief Investment Officer Tom Lee recently made a bold prediction that Ethereum [ETH] could tag $5.5K in the near term and eye $12K by the end of the year. In a recent interview with Mario Nawfal on X (formerly Twitter), Lee added that the current bull market could extend to 2035. He doubled down on Ethereum as the ‘biggest macro trade’ of the decade, citing stablecoins, Project Crypto (Wall Street building on blockchain) and AI as top three catalysts. “All these should benefit the most reliable smart contract platform, which is Ethereum” Lee highlighted that agentic AI and robots will generate a lot of data that will need to be verified through zero-knowledge proofs via blockchain. Simply put, Ethereum will be the foundation layer of global finance and AI. ETH slips 12% In fact, the above outlook has sparked a frenzy in crypto treasuries and ETF clients seeking exposure in ETH to capture this expected growth. The U.S. Spot ETF has attracted nearly $10B in inflows in the past two months. Similarly, corporate treasuries have accumulated about 3.7% of the ETH supply, worth about $19B at press time value. Source: Strategic ETH reserve However, the broader market sell-off at the end of August has tipped the altcoin to erase some of its recent gains on the price chart. At the time of writing, ETH was down 12% from its record high of $4.95K and cracked the $4.5K level. If the correction persists, ETH could tag $4K, which doubled as the lower range of the Bollinger Band on the daily chart. Source: ETH/USDT, TradingView Additionally, the daily RSI has stayed…
The post Ethereum is ‘the biggest macro trade,’ says analyst – 3 reasons why appeared on BitcoinEthereumNews.com.
Key Takeaways Ethereum could benefit from three catalysts: stablecoins, Project Crypto, and AI. Despite a 12% correction, some ETH traders were betting on a potential recovery. Wall Street strategist and Fundstrat Chief Investment Officer Tom Lee recently made a bold prediction that Ethereum [ETH] could tag $5.5K in the near term and eye $12K by the end of the year. In a recent interview with Mario Nawfal on X (formerly Twitter), Lee added that the current bull market could extend to 2035. He doubled down on Ethereum as the ‘biggest macro trade’ of the decade, citing stablecoins, Project Crypto (Wall Street building on blockchain) and AI as top three catalysts. “All these should benefit the most reliable smart contract platform, which is Ethereum” Lee highlighted that agentic AI and robots will generate a lot of data that will need to be verified through zero-knowledge proofs via blockchain. Simply put, Ethereum will be the foundation layer of global finance and AI. ETH slips 12% In fact, the above outlook has sparked a frenzy in crypto treasuries and ETF clients seeking exposure in ETH to capture this expected growth. The U.S. Spot ETF has attracted nearly $10B in inflows in the past two months. Similarly, corporate treasuries have accumulated about 3.7% of the ETH supply, worth about $19B at press time value. Source: Strategic ETH reserve However, the broader market sell-off at the end of August has tipped the altcoin to erase some of its recent gains on the price chart. At the time of writing, ETH was down 12% from its record high of $4.95K and cracked the $4.5K level. If the correction persists, ETH could tag $4K, which doubled as the lower range of the Bollinger Band on the daily chart. Source: ETH/USDT, TradingView Additionally, the daily RSI has stayed…
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