Ethereum (ETH) rose to a new highest time of $ 4,946.05 on August 24, after years of struggle. ETH came close to breaking the $ 5000 mark, but became short so little. The crypto market then met a correction in September with the entry of fresh volatility, as a result of macroeconomic uncertainties. The market has since recovered, with Bitcoin (BTC) which will hit a new highest time of $ 126,080 on October 6. Let’s discuss whether Ethereum (ETH) can follow Bitcoin (BTC) course to another new top.
Will Ethereum hit a new highest time and break the $ 6000 mark?
According to Cooiestecko’s ETH dataEthereum has accumulated 2.5% over the past 24 hours, 11.8% over the past week, 11.2% in 14-day diagrams, 9.2% compared with the previous month and 88.3% since October 2024. ETH is currently down by 5.5% from recent times.
Ethereum’s (ETH) large profits in recent months are probably due to consistent ETF inflows and corporate funds. ETF inflows are likely to continue to increase in the coming months. Business funds have also become an important driving force for the current market cycle.
Also read: Tim Cook owns Bitcoin and Ethereum, but Apple rejects Crypto
According to CoinCex -analyst, Ethereum (ETH) will continue to rally over the next few months. The platform expects access to violate the $ 5000 mark on October 11. In addition, Coincox ETH predicts that ETH will meet 6209.31 November. The platform further expects ETH to hit $ 7770 on December 17. Beating $ 7770 from current price levels will translate to a rally of about 66%.
