Tom Lee: Why I'm Not Panicked About ETH's Price Right Now

Odaily Odaily reported on July 13, Tokyo, at WebX 2026 hosted by Coinpost, Bitmine Chairman Tom Lee delivered a speech titled "Ethereum: The Antidote to the Wealth Uncanny Valley." He stated that at the macro level in 2026, the most noteworthy factors include: U.S. monetary policy, the Clarity Act, AI FOMO and the capital it siphons away, and the exceptionally poor performance of the financial sector across all industries. Comparing the price trends of ETH and the S&P 500, Ethereum is currently very aligned with the stock market after 1987, sitting at a bottom and poised to rise.

Tom Lee also reviewed ETH's price elasticity across different past phases, believing that many investors are merely afraid of a "low price" while overlooking the true value—Wall Street likes Ethereum (institutional adoption). Recently, another major event in the Ethereum ecosystem is the launch of the Robinhood Chain and the corresponding dramatic consumption of ETH gas.