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

On September 23rd, Analyst Mark Newton from Tom Lee's fund said in a FOX Business interview this morning that there is no need to be overly concerned about Ethereum. Ethereum is not expected to drop below $4000 and is predicted to rise to $5500. Although Mark Newton had previously made accurate predictions about Ethereum's trend, on September 16th, he stated, "It is anticipated that ETH will not fall below the previous low of $4233 and may decline back to $4418 or $4375 over the weekend. He will take advantage of this weak market to make purchases on dips. ETH is expected to reach $5500 by mid-October." Along with Ethereum's short-term dip to $4054 on Monday afternoon, this also became one of Mark Newton's rare prediction failures in recent times.