Published
5 years ago on
September 28, 2018
“Ethereum is about to stage a trend reversal and rally strongly, sentiment is currently overly negative.â€Furthermore:
“Lee also noted that Historically, when Ether has underperformed peers by two standard deviations, it has reversed those losses. He expects the token to reach $1,900 by the end of the year. Lee has been fairly bullish about cryptocurrencies despite the huge sell-off the coins and tokens have seen since the start of 2018. Apart from Ethereum, Lee has a $25,000 price target on Bitcoin, which is currently worth about a quarter of that.â€Is Lee right? We can’t know is Ethereum will peak at $1,900.00. We do know that at present, Ethereum is sat at a very low price, meaning Lee is probably right about Ethereum attracting new investment. Overall though, we can’t tell if this will have a major impact on it’s value. Indeed, Ethereum could fly off the back of a mass buy in. $1,9000.00 is an especially optimistic prediction and would require a huge amount of investor interest. I suppose as the saying goes though, never say never? References CoinGape
