Fundstrat founder and BitMine chairman Tom Lee said he expects a period of unrestrained growth ahead. In a recent interview he made candid remarks that have already attracted significant attention in the cryptocurrency community. Lee said current market valuations for ether (ETH) are absurdly low and do not reflect the asset's true potential. He argued that investors have yet to fully appreciate the fundamental transformations under way on the platform, which he considers the primary reason for the current undervaluation.

Lee expressed firm confidence that the next 12 to 18 months will be marked by intense bullish momentum for Ether and the establishment of new record highs. He noted that in the previous bull cycle, when Bitcoin (BTC) rose from $65,000 to $126,000, Ether managed only to reach its then all-time high slightly above $4,650 and did not break the $5,000 psychological level.

He highlighted forthcoming technical upgrades and scaling optimizations for the Ethereum network, saying these changes should materially improve efficiency, reduce transaction costs, and open new opportunities for decentralized applications. Lee did not rule out the emergence of several as-yet-unnamed but potentially revolutionary blockchain use cases that could act as catalysts for exponential price appreciation.

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On Bitcoin, Lee said buyers are targeting a return to $78,400, a level that would open a direct path to $80,100 and then to $81,700; surpassing $81,700 would indicate attempts to restore a bull market. On the downside, he indicated support at $76,500; a drop below that area could quickly push BTC toward $74,700, with a further target near $73,100.

On Ethereum, Lee said a clear hold above $2,124 would open a direct route to $2,181. The further target is the high near $2,244, and a breach of that level would signal strengthening bullish sentiment and renewed buyer interest. He identified downside support at $2,114; a fall below that area could quickly take ETH toward $2,046, with a more distant target at $1,968.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.