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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.
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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.

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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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