Ethereum Eyes $2,000 as AI Capital Rotates From Chips to ETH, Says Fundstrat's Tom Lee

According to Tom Lee at Fundstrat, capital tied to the AI sector is rotating from chip stocks into Ethereum as ETH trades at $1,925 and tests the $2,000 resistance level. Lee framed ETH as the new digital infrastructure play for AI-focused portfolios, arguing that decentralized compute and data networks could attract institutional capital previously favoring chipmakers like Nvidia.

The thesis gained institutional support when S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index this week. The 18-asset benchmark applies S&P 500-style financial screens to crypto protocols, with Ethereum as its largest holding. Index constituents generated over $3 billion in annualized revenue across the previous two quarters. Technically, if institutional demand strengthens while resistance weakens, Ethereum could break above $1,950 and challenge the $2,000 level in coming weeks.