Tom Lee: Ethereum rotation has begun, with prices rising by 29%
2026-08-24 18:07:09
According to CoinMeta, co-founder Tom Lee stated that the rotation of Ethereum has begun. On August 24th, the price of Ethereum approached $2,463, representing a 29.3% increase over the past seven days, which surpasses Bitcoin's weekly gain of 21.4%. Lee believes that the conditions supporting Ethereum's rotation have gradually been established over the past decade. He expects that tokenization, stablecoins, and artificial intelligence applications will enhance Ethereum's role as a financial settlement network. Ethereum's weekly gain exceeded Bitcoin by about eight percentage points. The ratio of ETH to BTC is close to 0.0318, indicating Ethereum's strength relative to Bitcoin. Lee also noted that in July, US spot Ethereum ETF attracted $365 million in capital inflows, making it the best month since its launch in 2024.
Source:Internet
This content is for market information only and does not constitute investment advice.
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