Tom Lee's Fund Analyst: Ethereum Will Not Fall Below $4,000, Expected to Rise to $5,500

BlockBeats News, September 23rd, Analyst Mark Newton from Tom Lee's fund stated in a FOX Business interview this morning that there is no need to overly worry about Ethereum. Ethereum will not drop below $4000 and is expected to rise to $5500.

Despite Mark Newton's previous accurate predictions about Ethereum's trend, on September 16th, he stated, "It is expected that ETH will not drop below the previous low of $4233 and may fall back to $4418 or $4375 over the weekend. He will take advantage of this weak market to buy on dips. ETH is expected to rise to $5500 by mid-October." Along with a short-term Ethereum dip to $4054 on Monday afternoon, this also became one of Mark Newton's rare prediction failures in recent times.