ETH: support at $2,623. Fusaka upgrade delivered. Tom Lee says "severely undervalued".
Ethereum is around $2,686 with strong technical support at $2,623. ETH has support at $2,623 — if this level holds, the pair could rebound toward higher resistances.
The Fusaka upgrade has been delivered — lower gas costs, improved network efficiency, a stronger foundation for Layer 2, and real-asset tokenization.
Tom Lee (Fundstrat) labels ETH as "severely undervalued," grounding the thesis in two drivers: the expansion of real-asset tokenization and scaling growth via Layer 2.
The data few people notice: ETH makes up just 10.8% of crypto’s total market cap today. In prior cycles, that share reached 20%. The 2026 infrastructure is better. Market share is below historical levels.
When capital sitting in BTC rotates — and it is rotating — ETH is the first stop. It always has been.
$2,686 today with support at $2,623 is an entry with defined risk and upside for the cycle
$ETH
Ethereum is around $2,686 with strong technical support at $2,623. ETH has support at $2,623 — if this level holds, the pair could rebound toward higher resistances.
The Fusaka upgrade has been delivered — lower gas costs, improved network efficiency, a stronger foundation for Layer 2, and real-asset tokenization.
Tom Lee (Fundstrat) labels ETH as "severely undervalued," grounding the thesis in two drivers: the expansion of real-asset tokenization and scaling growth via Layer 2.
The data few people notice: ETH makes up just 10.8% of crypto’s total market cap today. In prior cycles, that share reached 20%. The 2026 infrastructure is better. Market share is below historical levels.
When capital sitting in BTC rotates — and it is rotating — ETH is the first stop. It always has been.
$2,686 today with support at $2,623 is an entry with defined risk and upside for the cycle
$ETH
