Data points to an Ethereum price rally to $3,000, but ETH charts imply that a few corrections could occur along the way.
Ether Price news
“Solana is the biggest slap in the face” for Ether maximalists due to its monolithic scalability approach, according to the analyst.
Ethereum’s futures open interest hit a new all-time high, but data shows this feat is usually followed by an ETH price crash.
Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
Bitcoin’s rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
Ether price gains today closely follow the US stock market indexes hitting record highs.
Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.
ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.
A drop in Ethereum network activity and investors’ concerns about the global economy continue to weigh on ETH price.
Bitcoin’s failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.