#ETH走势分析 Tom Li has spoken up - this time he is targeting $ETH, believing there will be significant actions after the upgrade.

This matter needs to be listened to carefully.

Why? Just look at his impressive judgments in the past to know.

Let's talk about Bitcoin first. The crash in 2018 from twenty thousand dollars left the market in despair, with panic spreading everywhere. However, Tom Lee called the "bottom" around six thousand dollars, based on his unique "Bitcoin Producer Price Index" — simply put, it's about calculating miner costs. Although the price didn't soar as he initially expected by the end of that year, he did accurately identify the bottom range. More importantly, in the following years, he remained bullish, eventually validated during the super bull market from the end of 2020 to 2021. He defined Bitcoin as "digital gold" to hedge against inflation — this logic is now widely accepted by the market.

In March 2020, during the "COVID crash," he remained steadfast; when certain policies led to market fluctuations in 2021, he still said: it will reach new highs. The facts proved him right.

Looking at the US stock market again. Back in 2022, inflation was high, the Federal Reserve was aggressively raising interest rates, and the S&P 500 was declining all the way, with almost no one on Wall Street daring to call for a rebound. Tom Lee happened to predict clearly near the low point in October: 2023 would see a strong recovery. His reasoning? The market was overly pessimistic, and inflation would fall back more quickly than everyone expected.

So what was the result? 2023 was almost a perfect interpretation of his "script"—CPI really dropped to the 3%-4% range, the Federal Reserve stopped raising interest rates, and the S&P 500 rose 24% for the year, very close to the 4750 point target he set at the beginning of the year, which was later raised to 4825 points mid-year. Even more amazing, he had already locked in that technology stocks, especially AI concept stocks, would lead the way, and everyone saw the performance of the "seven giants" later on.

So this time he is optimistic about the Ethereum upgrade, which is worth paying attention to. After all, this person is always able to find turning points that others cannot see during the most pessimistic times in the market.