Tom Lee Analyzes Ether's 21% Decline Amid Low Leverage and Gold Trends

Ethereum has recently experienced a notable decline of 21%, a situation that Tom Lee, the head of research at Fundstrat, attributes to a lack of market leverage and the growing allure of precious metals like gold.

Despite Ethereum's robust underlying fundamentals, the cryptocurrency has been unable to maintain its value. Lee highlights that with minimal leverage in the market, investors are less inclined to take risks on digital assets. Instead, many have turned their attention towards gold, which is perceived as a safer investment during these turbulent times.