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Ethereum will rise to $5,500 in mid-October: Tom Lee

Source: CoinWorld
Fundstrat’s Tom Lee reiterated his bullish view on Ethereum and predicted that Ethereum prices will soar to $5,500 in mid-October driven by Fed’s monetary easing expectations. He expects both Bitcoin and Ethereum to experience “sharp fluctuations” in the next three months due to increased market liquidity. Previously, Bitmine's analysis showed that Ethereum could see a short-term decline, and the company plans to take advantage of this opportunity to increase its holdings.
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