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[Tom Lee: Hoping to See ETH Break Through the Daily Ichimoku Cloud, Currently Only 3.5% Away] BlockBeats News, August 17 — Tom Lee, Chairman of the largest Ethereum treasury BitMine, cited technical analysis to express his anticipation for an imminent technical breakout for Ethereum. The current price of ETH is only 3.5% away from breaking through the upper boundary of the daily Ichimoku Cloud, which would mark the first time since October 9, 2025, that it has surpassed this critical resistance level. Ethereum's current price is approximately $1906, with the cloud resistance within close reach. Tom Lee continues his previously optimistic outlook on Ethereum, having publicly stated in July that he believes the ETH/BTC ratio will strengthen in the second half of 2026. His core reasoning is driven by the combined forces of Ethereum's monetary narrative, stablecoin growth, and asset tokenization. The upper boundary of the Ichimoku Cloud is regarded by technical analysts as a key reference point for trend reversals. Once effectively breached, it could open up further upside potential. [Original Link]