Optimist Tom Lee: Ethereum until the end of the year waiting for a trend reversal and a rise to $1900

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Optimist Tom Lee: Ethereum until the end of the year waiting for a trend reversal and a rise to $1900

According to Tom Lee, managing partner of Fundstrat Global Advisors, Ethereum to the end of the year waiting for a trend reversal and a rise to $1900. It is reported Bloomberg.

In a letter to customers Lee Fundstrat Global Advisors said “too negative” mood on the market Ethereum, which, according to him, will be the basis for a strong rebound in the near future.

In his forecast Whether refers to the historical performance of Ethereum and comes to the conclusion that the bitcoin will reach $1900 — this figure is 40% above the record level of Aldona $1349, which he reached on 13 January 2018. At the time of publication the price of Ethereum is $230, and in order to achieve the stated analyst of cost, it needs to grow by 726% to the end of the year.

We will remind, in August you said that bitcoin price of $20 000 is still possible until the end of 2018.

However, it should be noted that the projections managing partner of Fundstrat was always very optimistic — it is called the big “bull” of bitcoin on wall street, but, of course, true they are not always. So, in may, he predicted that after the Consensus conference 2018 will begin a significant growth of bitcoin. However the rally did not happen, and in its report to clients Whether acknowledged the failure of the forecast.

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