TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Crypto – European Wrap 8 October

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Crypto – European Wrap 8 October
FXStreet TeamFXStreet TeamFXStreet

Ethereum wave four consolidation could lead to another push higher

Ethereum is recovering strongly within the projected five-wave impulse, as expected. Price is still consolidating near the highs, suggesting that wave 4 correction may still be in progress. ETH could revisit the 2570–2350 support zone before a bullish continuation into wave 5, with the next target around the 2900–3000 area.

Chart

Bitcoin Price Forecast: BTC slips below $83,000 amid ETF outflows, macro headwinds

Bitcoin (BTC) remains under pressure, trading below $83,000 at the time of writing on Thursday, down over 4% so far this week. Institutional demand has supported this weakness, with spot Exchange Traded Funds (ETFs) recording outflows of over $487 million on Wednesday, the highest single-day withdrawals since June 25. Meanwhile, broader macroeconomic headwinds weigh on sentiment, pressuring Crypto King’s price.

Chart

Top Altcoins Price Forecast: Ripple, Cardano, Solana – Sellers in control flag further downside risk

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing near-term selling pressure, extending losses so far this week. Ripple and Solana witness reduced institutional support, while Cardano follows suit. The technical outlook for XRP, ADA, and SOL is bearish, with mounting downside pressure. 

Chart

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Zcash Price Forecast: ZEC poses 20% downside risk amid steady ETF outflows

Zcash Price Forecast: ZEC poses 20% downside risk amid steady ETF outflows

Zcash price is trading below $1,300 continuing a steady decline over the past 10 days and slipping from its $1,698 peak on September 27. Grayscale’s ZEC Exchange-Traded Fund continues to record consistent outflows, with $8.49 million on Wednesday, suggesting reduced demand following the recent stock split.

Ripple and Stellar outlook: XRP and XLM test key support amid rising downside risks

Ripple and Stellar outlook: XRP and XLM test key support amid rising downside risks

Ripple and Stellar remain under pressure and extend their corrections as weakening derivatives metrics and broader macroeconomic headwinds weigh on sentiment. XRP and XLM approach a key support zone after three consecutive days of losses so far this week.

Samsung partners with Solana to integrate stablecoins into US Galaxy devices

Samsung partners with Solana to integrate stablecoins into US Galaxy devices

Samsung announced a partnership with Solana to integrate the US Dollar stablecoin issued by Circle, USDC, into US Galaxy devices, supporting cross-border remittances. The feature will be built into the Samsung Pay and Samsung Wallet apps, sharing the same screen used for displaying credit cards and boarding passes.

Cryptocurrencies face new security risk as Ethereum researcher warns of potential ECDSA break

Cryptocurrencies face new security risk as Ethereum researcher warns of potential ECDSA break

Ethereum (ETH) researcher Justin Drake has urged the crypto industry to begin preparing for a potential breakthrough that could undermine the cryptographic systems securing digital assets. In an X post on Wednesday, Drake called on the industry to calmly enter what he described as “bunker mode.”
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.