MarketPR
Fundstrat's Tom Lee argues that Ethereum (CRYPTO: $ETH) remains "vastly undervalued" despite a recent rebound, projecting the token could reach $6,000 if Bitcoin (CRYPTO: $BTC) climbs to $150,000.
Lee bases this scenario on a shift in the ETH-to-Bitcoin ratio, which he believes has room to expand significantly from current levels.
Lee characterized Ethereum's move from approximately $1,900 to $2,500 over the past week as a "course correction" rather than a short squeeze.
He noted that while crypto fundamentals are improving, current valuations still reflect conditions akin to a prolonged bear market.
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