Ethereum (ETH) Price: Tom Lee Calls for Biggest Bull Market as ETH Holds Key Support
Photo: CoinCentral
TLDR Ethereum is trading near $2,510–$2,530 after a rebound from a low around $2,410. BitMine bought 12,532 ETH last week, bringing its holdings to 6.028 million ETH, close to its 5% supply goal. US spot Ethereum ETFs recorded $542.2 million in net outflows from Oct. 5 to Oct. 9. Analysts Ted Pillows and Michaël van de Poppe both point to $2,560–$2,575 as the key recovery zone. ETH is below its 20-day and 50-day moving averages, with RSI near 42 on the daily chart. Ethereum is trading near $2,530 after a recovery from last week’s slide.
Source: CoinCentral
