Ether itself has remained in the same trading range since early August, with the current level of $2,700 providing two firm rejections on Sep. 27 and Oct. 21. During that period bitcoin surged from below $60,000, yesterday testing its record high from March of just shy of $73,800. Ether remains about $2,000 below its record high set all the way back in November 2021.
Source: https://www.coindesk.com/markets/2024/10/30/ether-gains-25-primed-for-more-upside-as-negative-sentiment-leads-to-dangerous-short-skew/?utm_medium=referral&utm_source=rss&utm_campaign=headlines