Ether is about to rally strongly says Wall Street’s Tom Lee

[bbc.reporter]

It appears our bitcoin bull turned bitcoin bagholder is presently one of the speculators who was catching all the ETH that were dumped in the market hehehe.

In any case, I am more optimistic of his predictions on bitcoin than of Ethereum. EOS is holding $4 billion in ETH. Other ICOs hold more than $100 million in ETH combined. That would be too hard for the ETH market, I reckon.



The last four out of four times it lagged its peers that badly, by two standard deviations, Lee said ether saw a “major trend reversal.”

“We believe Ethereum is about to stage a trend reversal and rally strongly,” Lee, managing partner and head of research at Fundstrat Global Advisors, said in a note to clients Thursday.

Lee meanwhile “believes sentiment is currently overly negative on ETH.” While it has underperformed its peers by two standard deviations, Lee said that’s “a sign of capitulation.”

The former J.P. Morgan Chief Equity Strategist said the cryptocurrency was “dogged” by a heavy supply being sold from EOS, which built its platform on ethereum then switched it to its own new token. Lee also highlighted questions about its blockchain technology’s road-map and “panic selling” by ICO teams.

Read in full http://www.cryptoquicknews.com/beaten-down-cryptocurrency-ether-is-about-to-rally-strongly-says-wall-streets-tom-lee/

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[Sephire]

Tom Lee is a smart analyst. In any case, not just Ethereum but most cryptos are very oversold and will go up hard on any good news or other reason.

[starblocks]

I would not be surprised but essential improvements aren't here just yet on the technological side but they are on their way at which point you may be able to expect an increase in value

It has recently been oversold which is obvious and is still in that range so investing would not be an unwise move

[gelli]

This is not surprising when the ripple shook  positions. It is clear that you need to take active action and further development and modernization will be the right step to cut off a lot of competitors.

[Mt. Dempo]

I hope Tom Lee predictions don't miss and can happen soon.

“panic selling” by ICO teams.

I was so confused to see the developers, why did they panic sell? Ridiculous, even though they themselves use the ethereum platform, that means they believe.

[jacafbiz]

I hope Tom Lee predictions don't miss and can happen soon.

“panic selling” by ICO teams.

I was so confused to see the developers, why did they panic sell? Ridiculous, even though they themselves use the ethereum platform, that means they believe.

I don't know why people are only concerned about the sellers but the buyers are also disappearing, if people can buy Ether at $1000 why are then not willing to buy it when is now $200. What do people expect in a competitive market. I think it would be difficult to see Ether again at $500

[shanem]

I agree with him. The crypto market is oversold and almost everyone is pessimistic. Most of the ICOs have already dumped their Ethereum and it seems that the market is dead. It is a good opportunity to buy cheap ETH and wait for the rebound.

[Red-Apple]

we are very close to the point when the whales of ethereum eventually stop shorting it and start their reversal to finally start pumping it again but right now i don't see any signs of them anywhere in the market. for now they are either pumping other altcoins and enjoying the profits (ENJ, GAS, ETN for example that got pumped recently) or they are shorting ETH and enjoying the monetary gains that it is giving them.

not to mention that at this point there are a lot of bag holders and ICO tokens that are waiting for even a small recovery to dump and recover a small part of the large losses they have sustained so far.

[Cnut237]

I think statements like this are made as much to encourage a price move as to actually predict one, so I don't take that much notice really.
However ETH does look low relative to other crypto projects, and plenty of people (myself included) wouldn't be surprised to see a price rise.

[BitcoinHodler]

i think Tom Lee is starting to say what people want to hear!

you can clearly see from the topics about ethereum for the past couple of months that people are getting too desperate for an ETH pump and they believe anything at this point that you tell them.

[unusualfacts30]

i think Tom Lee is starting to say what people want to hear!

you can clearly see from the topics about ethereum for the past couple of months that people are getting too desperate for an ETH pump and they believe anything at this point that you tell them.

sounds about right. Desperation can get people to believe anything they need to believe to feel better about their situation. I hope he is right but I also think he is just saying what people wants to hear. good marketing strategy.

[Lagduf]

I hope Tom Lee predictions don't miss and can happen soon.

“panic selling” by ICO teams.

I was so confused to see the developers, why did they panic sell? Ridiculous, even though they themselves use the ethereum platform, that means they believe.

I don't know why people are only concerned about the sellers but the buyers are also disappearing, if people can buy Ether at $1000 why are then not willing to buy it when is now $200. What do people expect in a competitive market. I think it would be difficult to see Ether again at $500

The answer is quite simple because they have been wasting a lot of their money to buy ethereum when it was around $1k that doesn't make sense to put more money when you are in the big lost due to the bearish trend of the cryptocurrency itself. it will be so difficult consider about the bitcoin is so stable right now because it was following bitcoin,

[geminiboy]

I hope Tom Lee predictions don't miss and can happen soon.

“panic selling” by ICO teams.

I was so confused to see the developers, why did they panic sell? Ridiculous, even though they themselves use the ethereum platform, that means they believe.

I don't know why people are only concerned about the sellers but the buyers are also disappearing, if people can buy Ether at $1000 why are then not willing to buy it when is now $200. What do people expect in a competitive market. I think it would be difficult to see Ether again at $500

The answer is quite simple because they have been wasting a lot of their money to buy ethereum when it was around $1k that doesn't make sense to put more money when you are in the big lost due to the bearish trend of the cryptocurrency itself. it will be so difficult consider about the bitcoin is so stable right now because it was following bitcoin,

and also the incident when the eth price falls to $ 190 can be an adverse effect on investors, there is little fear to buy the current price

[fassadlr]

I really can not believe the words of the Wall Street Journal. There are a lot of people who invest in securities that go bankrupt because of the rumors of these giants. I think we should believe in ourselves better.

[acsalles]

ya. after 1 years I see many ICO buy a post on Forbes very easy so I think WSJ maybe the same type as Forbes

[Leah38]

I do hope it's true. With a big price crash on ETH and because of the negative feedbacks from traders on its slow transaction yet big transaction fees, some new to crypto were in doubt to buy lots of Ethereum. We need new investors, traders and users to pump up ETHEREUM price.

[AUruHM]

It appears our bitcoin bull turned bitcoin bagholder is presently one of the speculators who was catching all the ETH that were dumped in the market hehehe.

In any case, I am more optimistic of his predictions on bitcoin than of Ethereum. EOS is holding $4 billion in ETH. Other ICOs hold more than $100 million in ETH combined. That would be too hard for the ETH market, I reckon.



The last four out of four times it lagged its peers that badly, by two standard deviations, Lee said ether saw a “major trend reversal.”

“We believe Ethereum is about to stage a trend reversal and rally strongly,” Lee, managing partner and head of research at Fundstrat Global Advisors, said in a note to clients Thursday.

Lee meanwhile “believes sentiment is currently overly negative on ETH.” While it has underperformed its peers by two standard deviations, Lee said that’s “a sign of capitulation.”

The former J.P. Morgan Chief Equity Strategist said the cryptocurrency was “dogged” by a heavy supply being sold from EOS, which built its platform on ethereum then switched it to its own new token. Lee also highlighted questions about its blockchain technology’s road-map and “panic selling” by ICO teams.

Read in full http://www.cryptoquicknews.com/beaten-down-cryptocurrency-ether-is-about-to-rally-strongly-says-wall-streets-tom-lee/

I agreed with the whole review but some facts are not true. As I see recently the richest ICO wallets do not sell any ETH on this dump. No panic sell exist. But tons of FUD were. And many articles with negative also were. And today's correction is a simple 'rising sun' of ETH again. Try to learn how many innovations will plan. That's why I don't have doubt about ETH price

[coco23]

The question is whether it is a capitulation of ETH or the whole market... If the market goes deeper then also ETH won't get much of an upside movement...

[chip1994]

There are so many predictions about price and future of ETH but at the moment price of ETH is still really low so I don't think one more prediction about price of ETH will help ETH rise back quickly although it's a prediction of famous people in this world. I don't care about prediction, I just care about what I can see everyday on Coinmarketcap and from the price chart

[Soroskatona]

I strongly agree, that Eth is underperorming hardly, and the falling is close to stop. Expecting rise afterwards, as I feel its oversold right now.