Dec 22, 2025
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Fundstrat Predicts Ethereum Drop to $1,800 in H1 2026
A leaked Fundstrat Research document suggests a potential correction in crypto markets during the first half of 2026, despite Tom Lee's recent optimistic stance on Ethereum.
Key Points
- The document, attributed to Sean Farrell, predicts a drawdown for Bitcoin at $60,000–$65,000, Ethereum at $1,800–$2,000, and Solana at $50–$75 in 1H 2026.
- This contrasts with Tom Lee’s bullish outlook, where he recently stated Ethereum is "severely undervalued" around $3,000 and predicted it could reach $62,000 in the coming years.
- Farrell clarified that different analysts within Fundstrat have varying methods and client goals, explaining his cautious approach aims at active risk management for portfolios with significant crypto exposure.
- Near-term risks include government shutdowns, trade volatility, AI investments, and Federal Reserve changes, affecting market sentiment.
- Long-term ETF demand might improve, but short-term pressures from "OG selling," miners, and potential MSCI MicroStrategy delisting remain concerns.
- Despite the predicted correction, Farrell anticipates BTC and ETH will reach new all-time highs by year-end, suggesting a shorter bear cycle.
At the time, Ethereum was trading at $3,043.
