Ether’s (ETH) BlackRock (BLK)-prompted surge past $2,000 on Thursday stole the spotlight from bitcoin (BTC), which is down slightly on the day, at around $36,500, while ether is now around $2,100. According to David Lo, head of financial products at Bybit, ether could push further. “Historically, ETH often makes significant gains following a peak in Bitcoin’s value, a pattern that may repeat here giving us a price target of around $2500,” said Lo. “After that, there may be a final rotation of profits into lower-cap coins before a cooling-off period, which may involve an overall 10-30% correction.”
Source: https://www.coindesk.com/markets/2023/11/10/first-mover-americas-ether-surges-on-blackrocks-etf-plans/?utm_medium=referral&utm_source=rss&utm_campaign=headlines