AI Focused Portfolios Shift Into Ethereum, Eyeing $2,000

Ethereum is pressing against a price level that has capped every rally. ETH trades at $1,925, little changed over the past 24 hours. But the $2,000 mark remains both a technical ceiling and a psychological flashpoint. Fundstrat's Tom Lee posted on X that capital tied to the AI sector is rotating from chip stocks into Ethereum.

He framed ETH as the new digital infrastructure play for AI-focused portfolios. The thesis argues that decentralized compute and data networks could attract capital that previously favored names like Nvidia.

S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, which applies S&P 500-style financial viability screens to crypto protocols. Ethereum is its largest holding, while the index's constituents generated more than $3 billion in annualized revenue across the previous two quarters.