Fundstrat Co-Founder and Head of Research Tom Lee has predicted a significant rally in cryptocurrency markets by year’s end. He believes global trade tensions have eased, creating an environment ripe for market recovery. 🌎 Lee attributes this optimism to several factors: 📈
**Technical Signals:** Open interest levels for both Ethereum and Bitcoin have reached record lows but are starting to show positive signs.
**Institutional Backing:** JPMorgan’s support for cryptocurrency use as collateral has provided a significant boost, according to Lee.
**Resilience During Crisis:** Lee highlights Bitcoin’s remarkable performance during the recent massive deleveraging event, which was far more severe than the FTX collapse. Bitcoin only dropped 3-4% in that period, demonstrating its robustness as an asset.
**Ethereum Momentum:** Lee points out that fundamental activity within Ethereum has surged, particularly in L1 and L2 scaling solutions and stablecoins. This momentum hasn’t yet translated into price but is expected to lead a major price surge later in the year. 🗓️
**Market Influence:** Lee suggests that cryptocurrencies often act as early indicators of broader market liquidity and stock direction, making current crypto movements a bullish signal for the wider market.
*This is not investment advice.* Continue Reading: Super Bull Tom Lee Predicts Rally for Bitcoin and Ethereum – Here Are the Details