Fundstrat Research Head Tom Lee remains bullish on Ethereum despite recent market volatility, attributing its resilience to strong underlying fundamentals and the potential of asset tokenization. Lee argues that Ethereum is in a ‘supercycle’, driven by continued development and adoption in DeFi and blockchain-based financial applications. He points to growing institutional interest from players like BlackRock as a key driver for this bullish outlook. Lee believes this process will rely on a stable and reliable blockchain, with Ethereum emerging as the preferred choice due to its robust infrastructure. While acknowledging volatility, Lee sees the current price levels as aligning with historical bottoms, indicating potential for a near-term rebound.