According to expert Ryan Lee, the cost of ETH may range from $2,200 to $3,400. Ryan Lee believes that several key factors will influence the digital asset rate in October. One of them, the analyst noted, is the reduction of the key rate by the US Federal Reserve. After this figure equals the yield of Ethereum staking, which is currently 3.5% per annum, ETH will again become an attractive investment instrument, so the reduction of the key rate will have a positive effect on the cost of the cryptocurrency, the expert believes. Another factor that can influence the Ethereum rate is the release of EigenLayer tokens (EIGEN) and the subsequent listing of the coin on exchanges. This may provoke an influx of additional funds into the ecosystem, which will help ETH outpace even Bitcoin and Solana (SOL) in price growth, the expert noted.

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