This Pattern Points To $10,000+ Ethereum Price, But When?

This week, Bitcoin and other altcoins livened up the crypto market, potentially lifting up Ethereum price and saving it from further collapse. With ETH now moving away from the bottom trend line of a massive long-term price pattern, the next possible target is the upper trend line of the same pattern.

Timeline of Ethereum

The code repository of the Coinbase-backed Ethereum (ETH) layer-2 scaling solution Base is now accessible to everyone. In a series of tweets on social media platform X, the team behind the network says all of Base's contracts and scripts are already publicly available on GitHub. “One of Base's core values is building in the open.

Ethereum price is still trading below all the key bull market indicators despite Bitcoin's rally to $30,000 this week. The second-largest cryptocurrency is trading below its $1,600 support/resistance on Thursday and might need to drop further to sweep through fresh liquidity preferably at $1,500 and build the momentum for a rebound.

3iQ, Canada's first Bitcoin (BTC) fund issuer, revealed that its Ethereum-based (ETH) exchange-traded funds (ETF), The Ether Fund and the 3iQ Ether Fund, will begin staking their ETH holdings for rewards, according to an Oct. 19 statement.

Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales of his digital assets.

Ethereum co-founder, Vitalik Buterin, has denied selling any Ethereum (ETH) for personal gain since 2018. In a Tuesday statement made on the decentralized social network Warpcast, Buterin addressed concerns about his recent cryptocurrency wallet activities, assuring his followers that the transactions were primarily related to charitable donations and covering expenses rather than personal profit.

Ripple Labs Inc. CTO David Schwartz has posed a thought-provoking question to the United States Securities and Exchange Commission (SEC) over the security status of Ethereum (ETH).

In a move to dispel rumors and speculations surrounding his recent Ethereum (ETH) transfers, Vitalik Buterin, the renowned founder of the Ethereum blockchain, took to social media to address the growing concerns of the crypto community.

Cardano founder Charles Hoskinson recently fired back at allegations surrounding the ETHGate scandal. For those out of the loop, this scandal purports that members of the Ethereum community allegedly bribed U.S. regulatory officials.

Ryan Sean Adams, one of the most vocal advocates for Ethereum, playfully opined that Ethereum's value dropping below the price of McDonald's would serve as the "ultimate bottom signal."

Ethereum's (ETH) value has experienced another decline this week, dropping to $1,557. This represents a 5% decline over the course of a week that has generally seen negative trends in the cryptocurrency market.