, currently suffering from a large-scale sell-off after the cryptocurrency market tanked this year, is poised to bounce back in a big way, according to Tom Lee of Fundstrat Global Advisors.
As per a report by Bloomberg, Lee – managing partner and head of research at Fundstrat – wrote the following in a note to clients:
“Ethereum is about to stage a trend reversal and rally strongly. Sentiment is currently overly negative.”
The beleaguered digital coin is currently the second largest cryptocurrency by market cap (although this spot has recently been
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