Fundstrat Global Advisor's Managing Director Mark Newton has expressed confidence in Ethereum's ability to maintain support above $4,000 and target $5,500. Despite a recent dip to $4,054, Newton cites institutional buying and technical indicators as key supports for a long-term bullish outlook. He noted that a daily close below $4,067 would be necessary to reverse this trend. Additionally, Fundstrat founder Tom Lee emphasized Ethereum's role as 'digital oil' and its potential to reach $12,000–$15,000 by year-end. This projection is supported by the upcoming Fusaka upgrade and increasing demand in DeFi and tokenization sectors.