One of the main altcoins – Ethereum (ETH) may soon demonstrate “a trend reversal and strong rally” to $1900 for a token, by the end of 2019, data released by Bloomberg, in accordance with the statement of the co-founder of Fundstrat Global Advisors and an analyst with wall street, Tom Lee.
In his address to customers Fundstrat Global Advisors, Lee said “too negative” mood on the market Ethereum, which, he said, and will be the basis for a strong rebound in the near future.
In their study, Lee refers to the history of the formation of Ethereum, when it was the time that Aldon showed strong deviations, then the price trend was later reversed.
Very bold prediction
Lee came to the conclusion that Ethereum will hit $1900 by the end of 2019. However, the price at least 40% higher than the previous record level of Ethereum at $1349, which was registered on 13 January 2018. At this period, the value of Ethereum is $230 and this means, in accordance with the bold prediction that the price Aldona will increase by 726%.
Earlier in July, Lee has voiced his opinion for the Bitcoin cryptocurrency, saying that the end of the year, the cryptocurrency could reach $22 000 – $25 000 came to the conclusion that BTC “can finish the year off for the price,” referring to the correlation between the first cryptocurrency and the developing markets.
The UPS and downs of Ethereum
In this period Ethereum is the second-largest cryptocurrency by market capitalization. It is built on the blockchain with open source, which is the basis for the creation of many new applications of the block chain for a number of industries.
After takeoff, at the beginning of 2018, when it rose to $1300, Ethereum has fallen markedly, and the current price is about 17% from that time. And Ripple (XRP) twice in September managed to overtake Ethereum on indicators of market capitalization, pushing it from second position.
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