In Brief
- Ether (ETH) climbed to 0.02858 BTC, breaking above a multi-week resistance line.
- Tom Lee ties the move to stablecoin growth, tokenization, and an ETH as money narrative.
- The ratio touched 0.15 only in 2017 and remains far below Lee’s long-term targets.
Ether (ETH) climbed to 0.02858 BTC this week, breaking above a resistance level that has held since June. Bitmine chairman Tom Lee called the breakout a signal that crypto is turning a corner.
Lee has tracked this ratio for months as a barometer for the wider market. He argues the move points to a shift that is already underway.
Why Lee Sees a Turning Point
Lee ties the rise to growth in stablecoins, tokenization, and new Ethereum spinoff projects. He also cites falling oil prices…
