251010 [ETH] Ethereum Outlook

Ethereum has also declined in line with the market's corrective trend, currently touching the lower boundary of the pre-drawn three-market channel.

• A rebound may be anticipated in the 4200–4250 range.

• Should it fall below this level, the probability of a fakeout is considered high, thus judging it as an opportunity for additional purchases.

Should further declines occur

• should it break below the 4050–4100 range,

• the path to the 3800–3900 range would open up, where a strong rebound is highly probable.

<Conclusion>

• The outlook remains that it will reclaim its previous high within October, or at the latest within November.

• The target price remains unchanged at the 6,000–6,500 level.

• Should Bitcoin significantly exceed its target price, it is anticipated that Ethereum could reach above 8,000 in a very positive scenario.

#Ethereum #EthereumOutlook