In accordance with BlockTempo, Fundstrat Global Advisor's Managing Director Mark Newton expressed optimism about Ethereum (ETH) maintaining support above 4,000 USD and targeting 5,500 USD. Despite a recent dip to 4,054 USD, Newton remains confident in the long-term bullish outlook for ETH, citing institutional buying and technical indicators as key supports. He emphasized that a daily close below 4,067 USD would be needed to reverse the bullish trend. Fundstrat founder Tom Lee also highlighted Ethereum's role as 'digital oil' and its potential to reach 12,000–15,000 USD by year-end, driven by the upcoming Fusaka upgrade and growing DeFi and tokenization demand.
Fundstrat Analyst Predicts Ethereum to Hold 4,000 USD and Target 5,500 USD
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