Cryptocurrencies Price Prediction: Polygon, Ethereum & Arbitrum — Asian Wrap 06 October

Polygon price readies for a 20% climb as MATIC pulls back to correct June 2022 cycle

Polygon (MATIC) price is attempting a recovery rally for the second time this year, trying to recoup the ground lost during the June 2022 cycle. It comes at a time when altcoins are leading the crypto market crash, but there is hope, considering prices appear fired up by speculation that October has historically been a good month for trading.

Ethereum price dip extends, liquidates $10 million in long positions as exchange outflows skyrocket

Ethereum (ETH) price continues on its load-shedding exercise for the fourth consecutive day, forming a dome-shape as it loses all the ground covered during the late September run, with on-chain data showing profit takers are showing no restraint.

Arbitrum price declines 11% as final Security Council voting round approaches

Arbitrum price moves often depend on the broader market cues; however, for the past couple of days, a major external factor has come into play. The ongoing Arbitrum Security Council Elections are preparing for the final round, which is interestingly bearing a negative impact on the altcoin.