Cryptocurrency experts predict Ethereum growth to $ 10,000

The cryptocurrency market ended Sunday, September 14, with a decline in major assets amid the expected decision of the US Federal Reserve on the rate. Thus, Bitcoin BTC $115,249.00 Mezo Wrapped BTC -1.06% Market capitalization $42.86 million VOL. 24 hours $1.28 billion dropped by 0.55% to $ 115,192.80, Ethereum ETH $4,524.91 Bridged Ether (StarkGate) -3.04% Market capitalization $0.11 billion VOL. 24 hours $1.99 billion decreased by 1.13% to $ 4,604.27, XRP XRP $2.97 XRP -3.53% Market capitalization $177.02 billion VOL. 24 hours $0.33 billion fell by 2.20% to $ 3.02, and Dogecoin DOGE $0.26 Binance-Peg Dogecoin -9.35% Market capitalization $0.67 billion VOL. 24 hours $0.8 billion - by 2.18% to $ 0.2761. Solana SOL $235.13 Binance-Peg SOL -4.90% Market capitalization $0.26 billion VOL. 24 hours $1.1 billion fell by 1.21% to $ 240.26.

Bitcoin fluctuated between $ 115,000 and $ 116,000 during the day, while Ethereum traded between $ 4,580 and $ 4,680. ETH’s trading volume decreased by 16% per day. Despite this, September was relatively stable: Bitcoin grew by 6.2% and Ethereum by 4.95%.

Over the past 24 hours, more than $ 277 million has been liquidated from the market, of which $ 195 million was accounted for by long positions. At the same time, the open interest in Bitcoin decreased by 1.11% to $ 82.90 billion. More than half of the traders on Binance remain in longs. The Fear and Greed Index returned to the neutral zone.

The total capitalization of the crypto market decreased by 1.08% to $ 4.02 trillion. Against this background, stock futures in the United States also slipped slightly: Dow Jones — by 0.03%, S&P 500 — by 0.04%, Nasdaq 100 — by 0.07%.

Analyst Killa noted that Bitcoin’s behavior often precedes the Fed’s decisions: an early drop may signal a further recovery, while an early rise may signal a correction. Commentator Cas Abbé predicts a short-term decline in Ethereum before rising to $ 10,000 over the next 3−4 months, which he believes will be supported by institutional investment through ETFs and treasury purchases.