$HARD $KAIA The BeInCrypto editorial team has discovered what the month may hold for $ETH Ethereum. To do this, we asked experienced experts to provide a forecast for Ethereum in November. We discuss what to expect from ETH.
Historical observation shows that November is not the best time for Ethereum. Over the past eight years, the cryptocurrency has ended the month with a decline four times. Polina Demchuk, CEO of TradeSanta, believes that Ethereum will rise along with the market. Her forecast for Ethereum does not rule out breaking the $3,000 mark. However, according to our interlocutor, the coin is unlikely to reach its historical maximum in November. The CEO of Minestream, Rafik Mamin, warned that the 'health' of the cryptocurrency will largely depend on the 'well-being' of Bitcoin. Our interlocutor does not rule out the growth of BTC in the event of Trump's victory in the US presidential election. In his opinion, Bitcoin's positive momentum may push Ethereum to grow.
'At the moment, the price of Ethereum has stabilized above the $2,650 mark. By the end of November, it may rise to $3,000. However, short-term fluctuations are possible, and in a negative scenario, the price risks dropping to $2,200,' - this is the forecast for Ethereum in November given by our interlocutor.