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Can Ethereum price reclaim $4,500 in October?

Ethereum price eyes $4,500 as a classic chart pattern, and onchain MVRV data align to signal renewed upside momentum this month.

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💡 DMK Insight

Ethereum’s potential rise to $4,500 is more than just a number; it’s a reflection of the market’s renewed confidence in the second-largest cryptocurrency. The classic chart patterns and on-chain MVRV data suggest that investors are not just dipping their toes but are ready to dive back into the waters of crypto. This momentum could signal a broader trend, where Ethereum leads the charge, potentially dragging other altcoins along for the ride. For traders, this is a reminder that in the world of crypto, patterns can be as telling as a fortune teller’s crystal ball—just with a bit more volatility.