Tom Lee's fund analyst: Ethereum will not drop below $4000, and is expected to rise to $5500

ChainCatcher news, Mark Newton, a fund analyst under Tom Lee, stated in an interview with FOX Business this morning that there is no need to worry excessively about Ethereum, as it will not drop below $4000 and is expected to rise to $5500.

Although Mark Newton has previously made accurate predictions about Ethereum's trends, on September 16, he stated, "I expect ETH will not drop below the previous low of $4233, and it may fall back to $4418 or $4375 this weekend, at which point I will take advantage of this weak market to buy on dips. ETH is expected to rise to $5500 before mid-October." Following a brief spike down to $4054 on Monday afternoon, this has become one of the rare cases of prediction failure for Mark Newton recently.