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Bitcoin (BTC) 
$103,992 is hovering around the $105,000 mark while altcoins are stagnating. The price of ETH has surpassed $3,400 for now, but it needs consistent closings above this level. The total market capitalization of cryptocurrencies stands at $3.61 trillion, with total trading volume reaching $106.5 billion. What do experts forecast for CAT and ETH?
CAT Coin Price Forecast
Initially seen as a pioneer of a new trend, CAT Coin has also suffered from the broader market downturn. An analyst known as CryptoBullet shared the CAT Coin chart, informing followers about his expected scenario following a steady decline.
“The blue support couldn’t hold due to the overall market hit.
The good news is that the RSI has entered the oversold zone, sweeping the low from August 23, and we are now witnessing a nice recovery.
Overall, nothing has changed. The targets remain fixed.”
Ethereum (ETH)
As the largest altcoin, Ether has been lingering around $3,300 for a long time, acting almost like a stablecoin. After such an extended period at low levels, it returned to $3,400 with the opening of the U.S. market. With volumes expected to decrease further over the next two days, its performance during this period is under scrutiny.
“While BTC breaks strong records, ETH has not significantly surpassed or maintained levels above $4,000 since mid-2021.”
Sustaining above $3,900 should lay the groundwork for new all-time highs following this ATH. What are experts targeting for the bull season? Rover shared a chart suggesting the price could approach $8,000 in this cycle.
The analyst’s prediction draws inspiration from the recent low in the ETHBTC pair, following a recovery that began in 2021. Certainly, historical data is not obligated to repeat itself, but cryptocurrency charts often tend to rhyme.
