Ether set for another ‘V-shaped recovery,’ Tom Lee says
Fundstrat’s Tom Lee argues Ether is close to the bottom and says investors should be thinking about opportunities instead of selling.
Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018.
“A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” Lee said at a conference in Hong Kong on Wednesday.
Last year, Ethereum fell 64% from January to March, he added.