Tom Lee: Hoping to see ETH break above the daily cloud layer, currently only 3.5% away from the breakout.

BlockBeats News, August 17th, BitMine, the largest Ethereum treasury, Chairman Tom Lee quoted technical analysis to express his expectation for an imminent technical breakthrough in Ethereum. The current price of ETH is only 3.5% away from breaking above the cloud upper resistance of the daily Ichimoku Cloud, which would be the first time since October 9, 2025. The current Ethereum price is around $1906, with the cloud resistance within reach.

Tom Lee continued his optimistic view on Ethereum, reaffirming his belief that the ETH/BTC ratio will strengthen in the second half of 2026, based on the core narrative of ETH, stablecoin growth, and asset tokenization driving the price. The cloud upper resistance of the Ichimoku Cloud is considered a significant reference by the technical community for trend reversal. Once effectively broken, it may lead to further upside potential.