[Block Rhythm] There was a rather interesting development last week - Mark Newton, a technical analyst from Tom Lee's team, stated on November 25 that he is building a position in encryption assets at this level, taking the recent price pullback as a window of opportunity to buy at a discount.
The time frame he provided is very clear: from now until mid-January next year, and even extending to early February, the price of the currency should be higher than it is now. Newton's logic is that although the market is currently a bit bumpy, the risk-reward ratio for the next two months is actually quite tempting. Tom Lee himself also retweeted this viewpoint, which serves as a support for the team.
However, it must be said that Newton's judgments on Ethereum have recently been quite off the mark. Although he accurately predicted several fluctuations of ETH in the past, since September, his bullish expectations have largely not materialized, and the actual market trends have been somewhat misaligned with his predictions. Therefore, for this call, everyone still needs to weigh it for themselves.
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The Tom Lee team calls for buying the dip, but the accuracy of analysts' predictions has been questioned recently.
[Block Rhythm] There was a rather interesting development last week - Mark Newton, a technical analyst from Tom Lee's team, stated on November 25 that he is building a position in encryption assets at this level, taking the recent price pullback as a window of opportunity to buy at a discount.
The time frame he provided is very clear: from now until mid-January next year, and even extending to early February, the price of the currency should be higher than it is now. Newton's logic is that although the market is currently a bit bumpy, the risk-reward ratio for the next two months is actually quite tempting. Tom Lee himself also retweeted this viewpoint, which serves as a support for the team.
However, it must be said that Newton's judgments on Ethereum have recently been quite off the mark. Although he accurately predicted several fluctuations of ETH in the past, since September, his bullish expectations have largely not materialized, and the actual market trends have been somewhat misaligned with his predictions. Therefore, for this call, everyone still needs to weigh it for themselves.