Beaten-down cryptocurrency ether is about to 'rally strongly,' says Wall Street's Tom Lee

in ethereum •  6 years ago 

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Ether has had a tough year. But it's not too late for a comeback, according to bitcoin bull Tom Lee.

The world's second-largest digital asset is down more than 70 percent since January and can't seem to find its footing after a breakout 2017. In the past three months alone it has dropped 50 percent and largely underperformed other top cryptocurrencies, according to data from CoinDesk.

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."
Originally published at source

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