Fundstrat’s Tom Lee calls $6,000 $ETH a "very conservative" year-end target if Bitcoin reaches $150,000. With the ETH/BTC ratio at 0.03, Lee expects a rebound to at least 0.04, arguing that this cycle’s core drivers - real-world asset tokenization and AI agent payment rails - provide much stronger fundamentals than 2021's meme and NFT boom. While September’s CLARITY Act vote remains the main catalyst for institutional onboarding, Lee notes that Ethereum will do fine either way. Favorable Q4 tailwinds, cash on the sidelines in Asia, and performance chasing by fund managers are expected to drive momentum into year-end. #ETHBlockchain #Macro Insights#