NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Prominent Analyst: Ethereum to Undergo Major Trend Reversal, $1,900 Likely

Nick Chong
Nick Chong
6 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum has quickly become one of the most bruised and battered assets in the entirety of the cryptosphere, with an array of factors pushing the price of this platform-focused cryptocurrency to values that may make investors shake in their boots. But there are still industry leaders and analysts who claim that Ether is ready to see a strong rally as 2019 nears.

Bitcoin Bull Turns To Ethereum, $1,900 Per Ether Likely

When someone mentions the words “Bitcoin bull,” many crypto investors immediately think of Tom Lee, who has been bullish on the foremost crypto asset for more than a year. This sentiment is clearly conveyed by his countless appearances on CNBC Fast Money, where the crypto advocate continually touts signals and statistics that indicate that Bitcoin is poised to be valued at $20,000 a piece for the second time.

Although Lee has garnered support and his fair share of backlash for his BTC forecast, his bullish sentiment has migrated over to Bitcoin’s close relative, Ethereum, the second most valuable cryptocurrency in terms of market capitalization.

In a note directed at his clients, Lee, who is currently Fundstrat Global Advisors’ head of research, explained that while Ethereum has underperformed its competitors by two standard deviations, the price of Ether could be set to skyrocket or undergo a “major trend reversal,” as the analyst fittingly put it. He elaborated, adding:

“We believe Ethereum is about to stage a trend reversal and rally strongly.”

Contrary to what one would assume, he explained that the fact that Ether underperformed top crypto assets — a sign of capitulation — indicates that a reversal is the logical next step.

Just one year ago, many proponents of Ethereum and the projects backing it believed that the so-called “flippening” was inbound, which would have seen the market cap of Ethereum overtake Bitcoin’s for the first time. But even though 2018 kicked off with a bang, as Ether was quickly propelled to an all-time high of just shy of $1,400, it became clear that the market had different plans for the well-recognized flippening contender.

1-day chart of Ethereum, data provided by Coincap.io

Although many would beg to differ, recently-launched platforms like EOS and NEO have begun to pressure the Ethereum ecosystem, as these new projects claim to be faster and cheaper than their primary competitor in Ethereum. But of course, there are evidently trade-offs, as the EOS and NEO networks sacrifice decentralization in exchange for a boost in speed and transaction throughput limits, hence why Ethereum is still the go-to chain for decentralization-focused projects to build on.

Not only has Ether found competitors, but initial coin offering (ICO) teams have also sought to cash-in their cheques by liquidating their cryptocurrency holdings in a bid to secure a fiat war chest. As reported by NewsBTC just recently, firms behind ICOs sold off over $30 million worth of ETH in the first week of September, which is a figure that attests to the fact that ICO sell-offs are directly impacting Ether from a price standpoint.

These worries aside, which Lee refers to as a “challenging technical picture,” he closed off his note pointing out that Ether could still eclipse the $1,900 price level by the end of the year, a staggering near ten-fold increase.

Featured Image From Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu?

Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu?

Bitcoin has experienced heightened volatility over the past few days, moving between critical levels as market participants await a clear...

Sebastian Villafuerte 7 hours ago
Ethereum

The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH

The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH...

Scott Matherson 8 hours ago
Bitcoin

Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases

According to CNBC, corporate treasuries around the globe have surpassed exchange-traded funds (ETFs) in Bitcoin (BTC) acquisitions for three consecutive...

Ronaldo Marquez 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

Scott Matherson 30 minutes ago
Bitcoin

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

Sandra White 2 hours ago
Bitcoin

Bitcoin Finds Support Above 50-Day SMA, But Next Direction Remains Uncertain

Godspower Owie 6 hours ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    39 minutes ago
  • O criptomonedă de top de cumpărat înainte să crească...

    1 hour ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    3 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    6 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.