Tom Lee is calling the ETH/BTC play again for the second half of 2026.

His main thesis is simple: stablecoins, RWA, and the Ethereum ecosystem are still driving real utility for $ETH

If this trend continues, ETH has a chance to outperform $BTC

ETH has been under pressure recently, but the ETH/BTC pair is worth watching closely here, especially while the market is waiting for a fresh narrative.

Sometimes the next big move starts before everyone agrees on the story.