ETH Rises Above $4000, Will October's Market Explode?
Rebounding to $4200 before the weekly open, traders are preparing for a price recovery in October based on on-chain and technical data.
Ethereum Returns to $4000: Three Major Reasons Why ETH Prices Will "Soar" in October
Key Points:
The decrease in ETH supply on exchanges indicates that a potential upward trend is forming.
Ethereum's weekly DEX trading volume surged by 47%, reflecting improved market sentiment.
Historical data shows that ETH prices have averaged an increase of 4.77%.
ETH prices returned to above $4000 on Monday, rising 3.5% in the past 24 hours. This rebound has sparked market expectations for ETH to resume a bullish trend in October, supported by multiple on-chain metrics, historical data, and technical analysis.
Ethereum Returns to $4000: Three Major Reasons Why ETH Prices Will "Soar" in October
Key Points:
The decrease in ETH supply on exchanges indicates that a potential upward trend is forming.
Ethereum's weekly DEX trading volume surged by 47%, reflecting improved market sentiment.
Historical data shows that ETH prices have averaged an increase of 4.77%.
ETH prices returned to above $4000 on Monday, rising 3.5% in the past 24 hours. This rebound has sparked market expectations for ETH to resume a bullish trend in October, supported by multiple on-chain metrics, historical data, and technical analysis.
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ETH
4,485.65
-4.16%
