Ethereum на пороге новых максимумов: аналитики предсказывают рост до $10,000 Translation: Ethereum on the brink of new highs: analysts predict growth to $10,000

On October 7, the price of the second-largest cryptocurrency approached its all-time high, surpassing the $4800 mark. Michael van de Poppe, founder of MN Fund, anticipates a new all-time high (ATH) in the near future.

He first pointed to the ETH/BTC ratio. According to the expert, the pair has «hit bottom» at the support level of 0.0256 and is «ready for a new growth phase.»

Secondly, the upward trend will be fueled by gold. The precious metal previously set a record above $4000 per ounce. Now, a correction is expected, which will «increase demand for riskier assets» like cryptocurrencies.

The positive outlook on the leading altcoin is shared by other market participants as well. Analyst Matt Hughes believes that the asset is » poised to break into the territory of all-time highs.»

*»Ethereum has finally stabilized above $4350. As long as this area remains support, new records are just around the corner. The next target is $5200,»* he stated.

A trader known by the pseudonym Poseidon predicted a cycle peak at $8500.

At the time of writing, the second-largest cryptocurrency is trading around $4500, having decreased by 4% over the past 24 hours.

Ethereum also shows a strong correlation with the Russell 2000 index, which tracks small-cap stocks. Analysts from Milk Road forecast a synchronized growth of assets against the backdrop of an expected decrease in the Federal Reserve’s key rate.

*»The correlation seems almost mystical. The Russell 2000 index and Ethereum are moving in sync. Both assets are extremely sensitive to monetary policy. With four consecutive rate cuts on the horizon, growth should be anticipated,»* they wrote.

Charts are forming a «Cup and Handle» pattern—a bullish continuation model indicating a consolidation phase before a breakout.

Market participants estimate the probability of a rate cut by the Federal Reserve in October to be 94.6%.

It’s worth noting that against the backdrop of the recovery of the M2 money supply, analysts from XWIN Research have allowed for Ethereum to rise to $10,000.