Can Ether price reclaim $4,500 in October?

💡 DMK Insight

As Ether flirts with the $4,500 mark, it’s not just a number; it’s a psychological barrier that traders are keenly watching. The classic chart pattern suggests that we might be on the brink of a bullish breakout, but let’s not forget that crypto markets are as fickle as a cat on a hot tin roof. The onchain MVRV data adds a layer of intrigue, hinting that many holders are in profit, which could fuel further buying. If history teaches us anything, it’s that momentum can be both a friend and a foe in this volatile landscape.