In his "2026 Crypto Outlook" report, Sean Farrell, Head of Crypto Strategy at Fundstrat, a fund managed by Tom Lee, stated, "While I believe Bitcoin and the overall crypto market still have strong long-term upside potential, and liquidity-driven support is expected in 2026, there may still be some risks to digest in the first/second quarter of 2026. These risks could present more attractive entry points. My baseline assessment is a significant drop in the first half of 2026, with Bitcoin potentially falling to $60,000–$65,000, Ethereum to $1,800–$2,000, and SOL to $50–$75. These price levels will provide good opportunities for positioning before the end of the year. If this assessment proves wrong, I still prefer to maintain a defensive stance and wait for confirmation of a stronger trend. The year-end target for Bitcoin is approximately $115,000, and for Ethereum, it could reach $4,500. Within this framework, ETH..." Ethereum's relative strength will become even more pronounced. I believe this is reasonable because Ethereum possesses more favorable structural liquidity characteristics, including: the absence of miner selling pressure, immunity to MSTR-related factors, and relatively lower concerns about quantum risk.