This wave's major proponent Tom Lee, with the number $ETH , has published a new lengthy opinion, which asserts:

1. The SEC and the White House's newly announced Project Crypto policy aims to expand the U.S. financial market onto the blockchain, and the current largest smart contract public chain is Ethereum.

2. There are many reasons why Wall Street has chosen ETH, with the most critical being that ETH has never experienced a downtime, and it is also used by JPMorgan and Robinhood.

3. After speculating based on relevant data, his digital asset team believes that the fair value of ETH could reach between $10,000 to $20,000 in the next 12 months.

4. This wave of stablecoin trends is to Ethereum what ChatGPT is to the AI industry, which is accelerating Wall Street's rush towards Ethereum. (Feels like it suggests ETH is NVIDIA)

5. In the long term, as Wall Street tokenizes real-world assets on-chain, Wall Street funds will actively participate in ETH staking.

6. For Wall Street, when many of its financial assets move on-chain and have their own protocol layer, ETH could potentially reach $60,000 or higher. (Once again suggesting)

In summary, this bullish theory on ETH is strongly believed by Wood, and other Wall Street institutions being lobbied also believe it. This wave of correction is also a buying opportunity, and Lee has successfully become the top proponent of Ethereum on Wall Street. People are looking at Lee, not the small 'v'.