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Tom Lee's fund analyst: Ethereum will not fall below $4000, expecting it to rise to $5500.
On September 23, Mark Newton, a fund analyst under Tom Lee, stated in an interview with FOX Business this morning that there is no need to worry too much about Ethereum; it will not fall below $4000 and is expected to rise to $5500. Although Mark Newton has made accurate predictions about Ethereum's movement several times before, on September 16, he stated, "I expect ETH will not fall below the previous low of $4233, and may retreat to $4418 or $4375 this weekend, at which point I will use this weak market to Buy the Dips. ETH is expected to rise to $5500 before mid-October." Following Monday afternoon's brief long wick candle drop to $4054 for Ethereum, this has also become one of the rare cases of prediction failure for Mark Newton recently.