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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & BNB – American Wrap 07 October

ETH/USD breaks the channel, pointing above 5K

Ethereum has been rising sharply over the last two weeks after only a three-wave retracement from all-time highs, so it looks like a textbook fourth-wave pullback within an incomplete bullish structure that is now ready to resume. We’re seeing a break and push beyond the upper line of the corrective channel, suggesting price is stepping into wave five, so more upside can show up in the weeks ahead.

Where are retail investors as Bitcoin surpasses $124,000?

The crypto market capitalization in October reached a new high of over $4.2 trillion, while Bitcoin hit a record price of $126,000. However, this milestone has been achieved without significant participation from retail investors.

BNB hits record high above $1,280 as blockchain activity surges

BNB, the native token of the BNB Chain and widely used for transaction fee discounts on Binance, jumped more than 5% over the last 24-hour period, crossing the $1,280 mark to hit a new all-time high.

 

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