Tom Lee says that Ethereum has increased by 7% since the start of the Iranian war. He added that ETH's performance outperformed the S&P 500 index by 1130 basis points.

Fundstrat broadly believes that cryptocurrencies have fared better than many expected during the conflict period.

Ethereum's outperformance of the S&P 500 draws attention.

Tom Lee highlighted Ethereum again. In a recent market comment published by Fundstrat and shared by specialized crypto media accounts, Lee stated that Ethereum has risen by 7% since the start of the Iranian war, outperforming the S&P 500 index by 1130 basis points.

This is a noteworthy claim, as war periods usually drive investors toward traditional safe-haven assets like cash, oil, and gold. Meanwhile, Lee sees Ethereum showing surprising strength while overall risk sentiment remains fragile. His comments align with Fundstrat's broader narrative that digital assets demonstrate greater resilience than many traders expected during this period of geopolitical tension.