Ether has been trading in a tight range since early August, with the current level of $2,700 seeing two strong rejections on Sep. 27 and Oct. 21. Meanwhile, bitcoin has surged from below $60,000 to nearly $73,800, testing its all-time high from March.
Despite bitcoin’s rally, Ether remains about $2,000 below its record high set back in November 2021, indicating a consolidation phase for the cryptocurrency.
