BitMine analyst: ETH may rebound on dips, with a target price of $5,500 in mid-October

According to Odaily Planet Daily, BitMine Chairman Tom Lee, retweeting the views of Mark Newton, an analyst at BitMine, said that he does not expect ETH to fall below its previous low of $4,233 and may fall back to $4,418 or $4,375 by the end of the week, at which point he would consider buying on the dip. He further stated that ETH may rise to $5,500 by mid-October.