According to Fundstrat head of research, Tom Lee, the second most dominant altcoin by market cap, Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019, as reported by Bloomberg on September 27.
Lee noted the “overly negative” sentiment on the Ethereum market will be the most significant factor for its strong rebound in the upcoming future. Lee mentioned the above premonition in a note to clients of Fundstrat Global Advisors.
He
concluded that Ethereum will reach $1,900 by the end of 2019. It is to be noted that $1900 is a price point that is at least 40 percent greater than Ethereum’s all-time high of $1,349, recorded on January 13, 2018. At the time of reporting, the price of Ethereum is $223.6, meaning that the altcoin’s price will surge by 749.7 percent by the end of the year, according to Lee.
 Ethereum
is the second largest cryptocurrency by market capitalization, at the time of reporting.
 Launched
on July 30, 2015, Ethereum provides an open-sourced blockchain that features smart contracts and a basis for emerging blockchain-powered applications in numerous industries.