Tom Lee: Bullish on Ethereum challenging its previous high within the year, crypto-related stocks leading gains as a signal of bull market onset.

BlockBeats news, September 24: Tom Lee, Chairman of Ethereum treasury company BitMine, stated that crypto-concept stocks have led gains in the third quarter, viewing this as a signal of the start of a bull market. This cycle differs from previous ones driven by ICOs, NFTs, meme coins, and stablecoins, with the addition of tokenization, AI, and a more friendly regulatory environment, which will also broaden the capital participation base. After years of consolidation, the market may usher in a clearer breakout, with upside potential possibly exceeding past cycles. He is also bullish on Ethereum strengthening due to the implementation of Wall Street tokenization, and believes ETH has a chance to challenge its previous high within the year.