Ethereum Price Prediction Eyes $3,500 Before $60K Macro Target
- ETH must reclaim $2,800 before $3,400 to $3,500 becomes credible.
- Crypto Patel maps $10,000 expansion and $60,000 macro bull targets.
- Ether ETFs lost about $155 million across four consecutive sessions.
Ethereum traded near $2,716 on October 5, holding above the $2,600 support area after September’s advance. The Ethereum price prediction now centers on whether ETH can close above $2,800 and reach $3,400-$3,500. Crypto Patel also outlined a longer-term $60,000 macro target, although that scenario requires several major resistance breaks.
Ethereum Price Prediction Tests $2,800 Breakout Resistance
ETH has remained above the $2,600-$2,635 support zone while consolidating near $2,700.
A strong weekly close above $2,800 could target $3,400-$3,500.
The broader Ethereum price prediction from Crypto Patel extends much further. The $60,000 level represents his macro bull case, not a near-term objective.
Ethereum Price Prediction Weighs ETF Outflows and Liquidity
The Ethereum price prediction also faces weaker institutional flows. U.S. spot Ether ETFs recorded about $155.12 million in net outflows across four sessions. BlackRock and Fidelity accounted for most withdrawals on the latest reported day.
Liquidity presents another constraint. CoinGecko measured ETH order-book depth near $13 million-$14 million close to the mid-price. That represented only 35%-45% of Bitcoin’s comparable depth across eight major exchanges.
The next Ethereum price prediction catalysts include the Glamsterdam Sepolia activation on October 6. The upgrade introduces proposer-builder separation and block-level access lists. Federal Reserve minutes arrive October 7 and could also influence crypto liquidity.
A loss of $2,600 would shift attention toward $2,480-$2,520. A confirmed break above $2,800 would strengthen the pathway toward $3,000 and $3,400-$3,500.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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