Tom Lee says Ethereum is undervalued as ETH trades under $2K, pushed by tokenization development and rising on-chain adoption.
Ethereum has dropped from virtually $5,000 six months in the past to under $2,000 at this time. The decline has renewed debate about ETH and its market worth.
Fundstrat’s Tom Lee mentioned Ethereum throughout a current interview in Paris. He mentioned the market could also be overlooking the community’s function in finance.
Lee additionally linked his view to tokenization and future on-chain funds. He mentioned Ethereum may very well be one in every of crypto’s most mispriced belongings.
His feedback got here as Ethereum led tokenized shares with $653.0 million in represented worth. The market stays early, however exercise is rising throughout blockchain networks.
Tom Lee Says ETH Value Trails Community Use
Lee mentioned Ethereum’s cheaper price has not modified the community’s long-term function.
He requested whether or not something had actually modified throughout the current market decline. His feedback targeted on use, adoption, and future demand.
Six months in the past Ethereum was virtually $5,000. As we speak it is below $2,000. Once I put that to Tom Lee in Paris, his response was: “Has something actually modified?”
Tom Lee (@fundstrat) is one in every of Wall Avenue’s most-followed forecasters. Whereas the market wrote Ethereum off, he made the case… pic.twitter.com/X4XPfO21F2
— Michaël van de Poppe (@CryptoMichNL) July 7, 2026
He in contrast Ethereum’s worth with a lot bigger conventional markets. Gold was cited close to $22 trillion, whereas shares had been positioned above $100 trillion.
Actual property was additionally cited close to $300 trillion in worth. Lee mentioned many conventional belongings might transfer on-chain over time.
He argued that Ethereum may help a part of that transfer. In that context, he referred to as a $300 billion Ethereum worth “grossly undervalued.”
Tokenized Shares Hold Ethereum Forward
Ethereum leads the tokenized shares market, based mostly on the figures cited. The community holds about $653.0 million in represented inventory worth. That locations Ethereum forward of different blockchains on this class.
The way forward for finance is being constructed on @ethereum!
Each blockchain on this listing deserves credit score for pushing tokenization ahead, and the competitors is stronger than ever.
However Ethereum continues to set the tempo.
As we speak, it leads the tokenized shares market with $653.0 million… pic.twitter.com/II3a0NBXLG
— Everstake (@everstake_pool) July 7, 2026
Tokenized shares are shares represented and transferred on blockchain networks.
These merchandise are nonetheless in an early stage of market development. Nonetheless, they’re turning into a part of the broader real-world asset sector.
The broader tokenization market additionally consists of funds, bonds, credit score, and property merchandise.
Extra companies are testing methods to maneuver these belongings on-chain. Because of this, Ethereum stays carefully watched by builders and establishments.
Learn Additionally:
Ethereum Value Evaluation: Key $1.4K–$1.6K Zone in Focus as Rally Looms
AI Funds Add One other Ethereum Use Case
Lee additionally mentioned AI brokers utilizing wallets for funds. He mentioned this might change into frequent inside three years. These brokers might have networks that may function in any respect hours.
Ethereum already helps sensible contracts, stablecoins, and decentralized finance instruments.
These programs can assist transfer worth between customers and functions. Subsequently, they might help automated funds in future on-chain markets.
Lee mentioned Ethereum may change into a $1 trillion, $2 trillion, or $5 trillion community.
That final result would rely on adoption, regulation, and wider market use. It will additionally rely on competitors from different blockchain networks.