Ethereum is on a threshold of a turn of a trend and prompt rally, the head of the research company Fundstrat Global Advisors Thomas Li considers. His words are transferred by the edition of Bloomberg.
The analyst shares the opinion on air in a note for clients. He writes that for the last 3 months the cost of Ethereum has failed more than twice, and the reputation of cryptocurrency in the market became "too negative". In particular, there was it because of the EOS platform which has organized a sale of tokens of ETH and has provoked mass sales from other projects.
But such situation doesn't say at all that the token, the second for capitalization, is lost. On the contrary, according to Li as soon as Ethereum reaches "bottom", he is waited by a full turn and active growth. In the forecasts the analyst refers to history of cryptocurrency which shows that rapid falling were followed by long growth.
We will remind that the January forecast of Li for air looks at the moment too positive.
Then Ethereum cost about $1 000, and the analyst expected that until the end of 2018 the price will rise up to $1 900, having been 40% higher than the historical maximum in $1 349. However now the course Ethereum makes $230. It turns out that the coin needs to add 726% in 3 months that Li's prediction has come true.
Could You Use Some Help With Your Crypto Trades?
3commas offers smart tools for cryptocurrency investors to minimize risks, limit losses, grow profits, and manage their portfolios across multiple exchanges. https://3commas.io/?c=tc3822 Check it out for yourself!