Ethereum Forecast: Dip Ahead of Potential Surge to $5,500

Fundstrat Global Advisors Managing Director Mark Newton predicts Ethereum could soon experience a rebound after experiencing recent price weakness. He believes the second-largest cryptocurrency will bottom out around $4,200 in the coming days before resuming its upward trend and potentially reaching $5,500. This outlook is based on analysis by Fundstrat co-founder Tom Lee, who suggests the current pullback is a typical technical correction following Ethereum’s strong rally from September 25 to October 7.