Ether Soars to 5-Year Peak at $4.47K as Tom Lee Doubles Down on ETH Treasury Wager & Fed Rate Cuts Fuel Rally

Ethereum's native token just smashed through another psychological barrier—proving once again that crypto laughs at 'overbought' signals when Wall Street money floods in.

Tom Lee's billion-dollar ETH bet pays off (for now)

The Fundstrat co-founder's controversial treasury allocation looks prescient as institutions chase yield in what one analyst calls 'the least worst gamble' amid negative real rates. Never mind that 90% of DeFi projects still can't explain their tokenomics without hand-waving.

Fed dovishness = rocket fuel for risk assets

With Powell & Co. telegraphing 50bps cuts by EOY, traders are piling into ETH as a quasi-tech-stock with better liquidity than most altcoins. The $4.5K resistance didn't stand a chance—though skeptics whisper about perpetual futures funding rates hitting dangerous levels.

As one fund manager quipped: 'We're all just leveraged tourists in Ethereum's hotel California—you can check out any time you like, but you can never sell.'