Welcome to CoinFeedPro
Latest crypto news from key platforms. All
in one place.
Analyst Forecast Ethereum (ETH) Breakout To $6,900 As Price Retests Crucial Resistance
As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market correction, which sent its price to a multi-week low of $3,815. Since then, the King of Altcoins has reclaimed the mid-zone of its macro range and broken past a major sell wall located around the $4,200-$4,300 levels. Amid this performance, market watcher Ted Pillows highlighted that the next two major resistance levels to reclaim before a new all-time high (ATH) are $4,500 and $4,750. Similarly, Ali Martinez detailed that the $4,505 area is “one of the most important resistance levels to watch for Ethereum,” according to the UTXO Realized Price Distribution (URPD) metric. A rejection from this major level could lead to a retest of the $4,250 support, and potentially risk a new price drop if ETH breaks below it. Previously, some analysts cautioned that losing this area could open the gates for a fresh breakdown toward the macro range lows. On the contrary, reclaiming the $4,500 resistance would set the base for a challenge of the macro range highs, around the $4,800 level, in the coming weeks. Market watcher Lluciano pointed out that ETH appears to be forming a triangle formation since early August. He suggested that breaking out of this pattern could kick off a rally toward a new high above the $5,000 barrier, affirming, “Q4 is here, ETH new wave is imminent.” Meanwhile, Titan of Crypto highlighted a weekly bull flag pattern forming on ETH’s chart. According to the analyst, a breakout from the formation’s upper boundary, around the $4,500 area, could send the price into a 50% rally toward the $6,900 mark. ETH’s Weekly Close Could ‘Turn It All Around’ After closing September above the $4,100 area, analyst Rekt Capital affirmed that Ethereum is potentially developing a Monthly Bull Flag within this macro range. He explained that the cryptocurrency must reclaim the $4,200 in the higher timeframes to continue building on the formation’s base. Notably, closing the month below this level technically means ETH’s price is positioning for a bearish retest despite the current bounce, the analyst detailed, as it represents the mid-zone of the macro range. Nonetheless, Rekt Capital considers that “even though the Monthly Close wasn’t very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around.” He noted that the cryptocurrency displayed a similar performance in late 2021 and this past July, weekly closing above this level and post-breakout retesting it as support. This technical sequence enabled the price to reclaim the $4,600 area and position itself for new highs. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? “If ETH can soon Weekly Close above blue and retest it back into support, then there’s a good chance for a revisit to $4.6k being on the cards in the future,” he concluded. As of this writing, Ethereum is trading at $4,502, a 4.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026
The time for optimistic predictions about the Bitcoin price reaching a new record is swiftly running out. Many analysts initially predicted that the market’s leading cryptocurrency would achieve a milestone of $200,000 this year. However, as time progresses, these forecasts are being adjusted, with some traders on crypto prediction platforms lowering their price targets. Despite this, the potential for new all-time highs (ATHs) still lingers for the remainder of the year. Historical Data Points To New Records In Q4 Recently, the Bitcoin price once again surged past the significant $120,000 threshold, a level that has acted as a major resistance barrier over the past months. However, a sustained weekly close above this mark could set the stage for Bitcoin to reach new heights. This price movement follows the release of softer private payrolls data, which has bolstered expectations for potential interest rate cuts from the Federal Reserve (Fed). Related Reading: Here’s Why Analysts Are Predicting A Massive Shiba Inu Price Rally In October According to the CME FedWatch tool, traders now estimate a 99% probability of a quarter-point reduction on October 29, a noticeable increase from 86% just a week earlier. As such, analysts from the Motley Fool remain optimistic, suggesting that the Bitcoin price could still achieve a price target of $140,000 by early 2026. Historical data supports this optimism, as Bitcoin has consistently shown strong performance in the fourth quarter (Q4). Over the years from 2013 to 2024, the average Q4 return for Bitcoin has been an impressive 85%. Notably, in 2020, Bitcoin saw an increase of 168% in the final quarter, while in 2017, it skyrocketed by 215%. Even further back to 2013, Bitcoin posted an extraordinary return of 480%. Key Months For The Bitcoin Price Looking at the data, October and November have historically marked significant turning points for the Bitcoin price. November stands out as the most lucrative, with an average return of 46%, followed closely by October at 22%. Related Reading: Bitcoin Calm Is Over — ‘Every Time This Happened, Price Went Vertical,’ Says Analyst Current predictions from prediction markets suggest that traders are granting Bitcoin a 63% chance of reclaiming its previous all-time high of $125,000 by the year’s end. The likelihood of Bitcoin reaching $130,000 by early 2026 stands at 47%, while the chance of hitting $140,000 has been estimated at 32%. However, the window for achieving higher price levels is quickly closing, as evidenced by a mere 22% chance of reaching $150,000 this year and only a 5% chance of hitting $200,000. Despite the optimism, Motley Fool analysts have noted that market sentiment has soured since August. Prediction markets reflect this shift, indicating a 6% probability of Bitcoin slipping below $70,000. Moreover, there’s a 2% chance that the Bitcoin price could dip below $50,000. Featured image from DALL-E, chart from TradingView.com
Analyst Forecast Ethereum (ETH) Breakout To $6,900 As Price Retests Crucial Resistance
As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market correction, which sent its price to a multi-week low of $3,815. Since then, the King of Altcoins has reclaimed the mid-zone of its macro range and broken past a major sell wall located around the $4,200-$4,300 levels. Amid this performance, market watcher Ted Pillows highlighted that the next two major resistance levels to reclaim before a new all-time high (ATH) are $4,500 and $4,750. Similarly, Ali Martinez detailed that the $4,505 area is “one of the most important resistance levels to watch for Ethereum,” according to the UTXO Realized Price Distribution (URPD) metric. A rejection from this major level could lead to a retest of the $4,250 support, and potentially risk a new price drop if ETH breaks below it. Previously, some analysts cautioned that losing this area could open the gates for a fresh breakdown toward the macro range lows. On the contrary, reclaiming the $4,500 resistance would set the base for a challenge of the macro range highs, around the $4,800 level, in the coming weeks. Market watcher Lluciano pointed out that ETH appears to be forming a triangle formation since early August. He suggested that breaking out of this pattern could kick off a rally toward a new high above the $5,000 barrier, affirming, “Q4 is here, ETH new wave is imminent.” Meanwhile, Titan of Crypto highlighted a weekly bull flag pattern forming on ETH’s chart. According to the analyst, a breakout from the formation’s upper boundary, around the $4,500 area, could send the price into a 50% rally toward the $6,900 mark. ETH’s Weekly Close Could ‘Turn It All Around’ After closing September above the $4,100 area, analyst Rekt Capital affirmed that Ethereum is potentially developing a Monthly Bull Flag within this macro range. He explained that the cryptocurrency must reclaim the $4,200 in the higher timeframes to continue building on the formation’s base. Notably, closing the month below this level technically means ETH’s price is positioning for a bearish retest despite the current bounce, the analyst detailed, as it represents the mid-zone of the macro range. Nonetheless, Rekt Capital considers that “even though the Monthly Close wasn’t very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around.” He noted that the cryptocurrency displayed a similar performance in late 2021 and this past July, weekly closing above this level and post-breakout retesting it as support. This technical sequence enabled the price to reclaim the $4,600 area and position itself for new highs. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? “If ETH can soon Weekly Close above blue and retest it back into support, then there’s a good chance for a revisit to $4.6k being on the cards in the future,” he concluded. As of this writing, Ethereum is trading at $4,502, a 4.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026
The time for optimistic predictions about the Bitcoin price reaching a new record is swiftly running out. Many analysts initially predicted that the market’s leading cryptocurrency would achieve a milestone of $200,000 this year. However, as time progresses, these forecasts are being adjusted, with some traders on crypto prediction platforms lowering their price targets. Despite this, the potential for new all-time highs (ATHs) still lingers for the remainder of the year. Historical Data Points To New Records In Q4 Recently, the Bitcoin price once again surged past the significant $120,000 threshold, a level that has acted as a major resistance barrier over the past months. However, a sustained weekly close above this mark could set the stage for Bitcoin to reach new heights. This price movement follows the release of softer private payrolls data, which has bolstered expectations for potential interest rate cuts from the Federal Reserve (Fed). Related Reading: Here’s Why Analysts Are Predicting A Massive Shiba Inu Price Rally In October According to the CME FedWatch tool, traders now estimate a 99% probability of a quarter-point reduction on October 29, a noticeable increase from 86% just a week earlier. As such, analysts from the Motley Fool remain optimistic, suggesting that the Bitcoin price could still achieve a price target of $140,000 by early 2026. Historical data supports this optimism, as Bitcoin has consistently shown strong performance in the fourth quarter (Q4). Over the years from 2013 to 2024, the average Q4 return for Bitcoin has been an impressive 85%. Notably, in 2020, Bitcoin saw an increase of 168% in the final quarter, while in 2017, it skyrocketed by 215%. Even further back to 2013, Bitcoin posted an extraordinary return of 480%. Key Months For The Bitcoin Price Looking at the data, October and November have historically marked significant turning points for the Bitcoin price. November stands out as the most lucrative, with an average return of 46%, followed closely by October at 22%. Related Reading: Bitcoin Calm Is Over — ‘Every Time This Happened, Price Went Vertical,’ Says Analyst Current predictions from prediction markets suggest that traders are granting Bitcoin a 63% chance of reclaiming its previous all-time high of $125,000 by the year’s end. The likelihood of Bitcoin reaching $130,000 by early 2026 stands at 47%, while the chance of hitting $140,000 has been estimated at 32%. However, the window for achieving higher price levels is quickly closing, as evidenced by a mere 22% chance of reaching $150,000 this year and only a 5% chance of hitting $200,000. Despite the optimism, Motley Fool analysts have noted that market sentiment has soured since August. Prediction markets reflect this shift, indicating a 6% probability of Bitcoin slipping below $70,000. Moreover, there’s a 2% chance that the Bitcoin price could dip below $50,000. Featured image from DALL-E, chart from TradingView.com