COINOTAG reported on September 23 that analyst Mark Newton, affiliated with Tom Lee‘s fund, told FOX Business that investors need not be overly concerned about the Ethereum price. Newton characterized his outlook as cautious optimism, noting his expectation that ETH could move toward $5,500 while expressing a view that a drop below $4,000 was unlikely under his scenario.
Earlier commentary from September 16 indicated Newton planned to buy the dip if ETH revisited prior lows near $4,233, but a short-term decline to roughly $4,054 on Monday represented a divergence from that projection. The episode highlights ongoing volatility in the crypto market and reinforces the importance of disciplined risk management over reliance on single-analyst targets.