Tom Lee's fund analyst Mark Newton stated that he disagrees with the current community argument that "using technical indicators to prove that cryptocurrencies have peaked." His reasons are as follows:

1. The Elliott wave structure has not shown any signs of a peak.
2. The monthly DeMark signal has not yet been triggered.
3. Sideways movement has led to weakening momentum, which often causes the MACD to turn negative. However, in this case, since there is no wave confirmation of a sharp five-wave decline starting from the high point, a definitive conclusion cannot be drawn.
4. The medium-term trend has not been broken (since 2022, prices have continued to rise, with highs also increasing).
5. Market sentiment is far from reaching the levels that typically indicate a meaningful peak in the cryptocurrency marketplace.

It should be noted that although Mark Newton previously made accurate predictions about Ether's trend multiple times, since September, his optimistic view on Ether has been at odds with the actual market trend.