Cryptocurrency advisor Thomas Lee predicts ethereum (ETH/USD) rebound.
According to Bloomberg report, Thomas Lee, famous cryptocurrency enthusiast and the head of blockchain research at Fundstrat Global Advisors said that in foreseeable future Ethereum is going to rebound.
The expert believes that due to severe sell-off that happened this year the token is extremely underestimated by the investors and the common public. As was stated by Lee, ethereum lost half of its value in the past three months and has underperformed large-cap coins by two standard deviations, which, historically, could be a sign that it’s time for a rebound.
Lee expects the token to reach $1,900 by the end of 2018. Earlier he also noted that the year price target for the bitcoin is $25,000.
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