Tom Lee Retweets Mark Newton: Ethereum (ETH) May Dip to $4,200 Then Rally to $5,500

Ethereum commentary surfaced again after investor Tom Lee retweeted fund analyst Mark Newton this morning. Newton characterized the recent crypto market pullback as a normal technical correction, projecting a short-term trough within “1–2 days” before a resumption toward a target near $5500. He cited a prior phase from late September to early October that featured a pronounced uptrend followed by a three-wave retracement, framing the current move as an orderly consolidation rather than a structural reversal.

Newton noted that ETH has retraced roughly 50% of recent gains and identified the $4200–$4220 band as a potential support zone. While acknowledging Newton’s earlier accurate calls, market data show a subsequent intra-period low near $4054, underscoring ongoing short-term volatility and the importance of disciplined risk management for traders.