Tom Lee's fund analyst: Ethereum is expected to rise to $5,500

Mark Newton, an analyst at Tom Lee's fund, stated in an interview with FOX Business that Ethereum will not fall below $4,000 and predicts it will rise to $5,500. Newton has made numerous predictions for Ethereum's future. On September 16th, he predicted that ETH would not fall below $4,233 and might fall back to $4,418 or $4,375, creating a buying opportunity. He also predicted a rise to $5,500 by mid-October. However, on Monday afternoon, ETH briefly dipped to $4,054, marking one of his recent inaccuracies.