According to Kendrick, since June, corporate funds and spotes ETH-ETF have accumulated 4.9% of the total offer of the second in capitalization of cryptocurrency. This allowed the air to reach $ 4955.
The cryptocurrency course can reach $ 7500 by the end of the current year, and approach $ 25,000 to 2028. The correction in the market is a good entry point for investors, the expert believes.
He emphasized that technical indicators also support a favorable background. Key levels of broadcasting are at $ 4500 and $ 3500. If cryptocurrency can stay at $ 4800, there is a possibility of achieving a new historical maximum.
At the same time, historical data indicate the risks of falling, since in September the price of ETH on average has always been reduced by 6%. However, if the asset can stay in the existing framework, October can become a favorable month for a coin, the specialist summed up.
Earlier, Analysts of the American Bank JPMorgan said that over the past month, the air was able to go around the first cryptocurrency growth due to several reasons.
Source: Bits
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