⚡️Crypto optimist Tom Lee, co-founder of Fundstrat, this time spoke not about bitcoin, but about ethereum. In a recent letter sent to the firm's clients, Lee said the market sentiment and talk about Ethereum are too negative as the coin is performing poorly.
📉From January highs, airtime has dropped more than 70%, with most of the 50% decline in the last 3 months. Tom Lee suggested that a surrender occurred with the ETH, and a jump in price should follow. This has happened several times before.
🔥 "We believe Ethereum is going to reverse the trend and start a serious race."
📌 Investors believe less and less in ether - there is still no mass adoption, but now you can trade futures for a fall in the rate. In addition, Lee pointed to a serious sell-off after the $ 4 billion EOS ICO. The analyst put forward the version that the "panic sell-off" by ICO teams caused an impressive drop in the price of ether in 2018.
🌎ETH is showing signs of recovery at the moment. The coin hit a low of $ 12 on September 170, and has remained in a positive trend since then, forming higher lows over the past 2 weeks. Ether is currently trading at $ 230.34.
📈According to the famous Wall Street Market Cycle, surrender is inevitably followed by a new upward spurt in prices. Most analysts are promising a bullish rally in Bitcoin and other cryptocurrencies in 2019. They cite different reasons: SEC approval of bitcoin ETF, market cyclicality, institutional race