Analyst Tom Lee: consolidation $ETH will last until the middle of the week before updating highs, $BTC will exceed $130,000

According to ChainCatcher, analyst Fundstrat Capital, led by the new chairman of the board of BitMine Tom Lee, shared the opinion yesterday that the current consolidation of Ethereum is likely to last another 1-2 days. However, the range of $4,075-$4,150 creates a strong opportunity for a risk-reward ratio that is likely to remain until the middle of the week. After that, Ethereum is expected to rise to nearly $5,100, which will set a moderately new high.

This correction resembles what is suggested by Elliott Wave Theory (which states that financial markets do not move randomly but follow certain predictable wave patterns. These patterns reflect cyclical changes in investor sentiment and can be used to identify major trends and turning points in the market), so there is no reason for concern. Meanwhile, Bitcoin should not drop below $111,900, and its growth is expected to reach the range of $130,000-$140,000.