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Reading: Arbitrum (ARB) and Ethereum (ETH) October Forecasts Comment
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EdaFace Newsfeed > Latest News > Technical Analysis > Arbitrum (ARB) and Ethereum (ETH) October Forecasts Comment
Technical Analysis

Arbitrum (ARB) and Ethereum (ETH) October Forecasts Comment

vitalclick
Last updated: October 20, 2024 10:40 pm
5 months ago
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Although volumes fell due to the weekend classic Bitcoin (BTC) $68,412 It remains at very good levels compared to previous weeks. After the boringness of the last 80 days, we started to see big green candles in cryptocurrencies again in the last week. Alright ARB, BTC And what are the current predictions for ETH?

Arbitrum (ARB)Bitcoin and Ethereum (ETH)

Arbitrum (ARB)

Crypto Tony is bullish on today’s market analysis ARB CoinIn , he mentioned that he needed to get back $0.65. If this point can be retracted, movement to targets of $ 1 and above may begin by exceeding the key resistance point, which has been tested three times. In the scenario where the Bitcoin price starts to close above $ 70,000, this will be the possible breaking point that will be followed by those who want to catch the rise of ARB Coin.

Bitcoin and Ethereum (ETH)

BTC It is stalling above $68,000 and although it tried to reach $68,772 today, it could not break through. On Friday, $69,000 was briefly visited. The coming days are expected to be calm and there is no serious data flow on the macro front. Moreover, there are about 2 weeks left until the US elections.

The analyst with the pseudonym Jibon wrote that after the last support return, the BTC price could reach $ 70,049 next week. After the last test months ago, BTC retreated to $ 49,988. Since optimism about the coming months is dominant under current conditions, this time above 70,000 may be permanent.

Titan of Crypto is due to the reverse symmetrical triangle formation. ether Hoping for a strong rally in price. According to the analyst’s assessment, $ 3,200 may be the first stop for ETH. The analyst, who marked the break point, confirms this with the RSI break.

Feyronn is also among those who are bullish on the altcoin king. Its target is also $2,996. For this, $2,624 needs to be protected. ETH At the time of writing, it continues to linger in the $2,700 range.

Mondays usually cryptocurrency brings decline to investors. However, we saw that exceptional bullish breaks occurred during this period. If BTC can turn its last quarter rise expectation into reality, this may happen in the coming hours.

Of course, surprises are always possible in crypto. That’s why it’s important for investors to do their own research and become aware of the risks they take after creating their strategies.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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