Ethereum’s October Record Says $4,500 Is in Sight—Will History Repeat? 📈
Ethereum appears set for a bullish October, with historical trends suggesting a 4.77% gain that could push prices above $4,500. On-chain data indicates decreased selloffs and increased investor confidence, as exchange reserves drop to a nine-year low.
With institutional investors accumulating, especially in spot ETFs, a supply tightness ensues. Moreover, Ethereum's network activity is increasing, with daily transactions hitting record highs. This rise in decentralization finance activity is fueling demand for ETH, potentially boosting prices further.
Currently trading at $4,308, if bullish momentum persists and historical patterns hold, Ethereum may close October approaching $4,500.
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