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Ethereum’s Weekend Momentum: Price Prediction for October 12
The excitement among cryptocurrency enthusiasts is palpable as the weekend has ushered in a positive trend for
many coins. Central to this optimism is the Ethereum (ETH) price prediction for October 12, as highlighted by
data from CoinMarketCap.
Short-Term Analysis of ETH/USD
Ethereum (ETH) has experienced a 1.41% rise in its rate over the past 24 hours,
energizing the market atmosphere. This upward movement suggests that the ETH/USD pair is nearing local
resistance at $2,467. If the daily trading closes around this mark, it’s likely Ethereum will break through
and venture towards the $2,500 region.
Looking Ahead: Medium-Term Ethereum Price Expectations
On a broader time scale, it’s critical for traders to watch the $2,466 level closely. If Ethereum’s buyers
maintain their momentum, the altcoin might generate enough energy for a breakout, potentially reaching the
$2,520-$2,600 range. Despite this, the long-term picture remains cautious, with ETH in the middle of a wide
trading channel. Hence, if no significant shifts occur by week’s end, Ethereum is likely to continue trading
sideways within the $2,400-$2,600 zone.
Currently, Ethereum’s trading value stands at $2,462, reflecting its position in the market today.
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