Fundstrat
Fundstrat's Tom Lee: $ETH pullback—bearish reversal or bullish consolidation?
8/19/2025, 9:34:29 PM
Economic Summary
- Ethereum (ETH) has outperformed Bitcoin (BTC) year-to-date by ~9%, suggesting shifting market preference and a potential allocation tilt toward ETH.
- Since April 1, ETH has gained roughly 90% versus BTC, indicating strong recent momentum for Ethereum while Bitcoin appears stalled around 120,000, implying possible consolidation or resistance in BTC.
Bullish
- Ethereum outperformed Bitcoin year-to-date by about 9%, supporting an overweight ETH view.
- Ethereum is up roughly 90% since April 1, showing strong recent momentum versus Bitcoin.
Bearish
- Bitcoin has stalled around 120,000, indicating consolidation and potential near-term weakness.
- Relative strength favors Ethereum, implying Bitcoin may underperform if rotation continues.
Bullish tickers
ETH
Bearish tickers
BTC
BTC
Bearish
Price has stalled around 120,000, suggesting consolidation and potential near-term underperformance versus Ethereum.
ETH
Bullish
Has outperformed Bitcoin by ~9% YTD and ~90% since April 1, implying strong momentum and a case to overweight ETH.
People mentioned
TomMark