Tom Lee's Ethereum prediction for investors

$ETH It's starting now.

๐ŸŒนWall Street's well-known figure, Tom Lee,

cited historical data and said that Ethereum's

new record could be the start of a much

larger rally.

๐ŸŒนLee commented on the matter, saying, โ€œIf ETH

breaks above its #ATH level, based on past

data, it will be the start of a much larger

upward movement. There's a common saying

in the markets: โ€˜The wider the base, the

bigger the breakout.โ€™ This was a pretty wide

base.

๐ŸŒนBy โ€œbroad base,โ€ Lee means that #ETH

experiences a prolonged period of

consolidation/accumulation before breaking

to a new record. This means that Ethereum is

gathering more energy, meaning the

breakout is larger and the rally could be

sustained.

Yesterday, $ETH surpassed the $4,868 level,

rising to $4,887. Thus, the cryptocurrency

broke its 2021 record and surpassed it. This

evening, $ETH is trading at $4,750.