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ETH is still in the buy zone
ETH price was $2,437, down 3% in intraday trading and down a hefty 7.7% over the past seven days. Cryptocurrency trader MandoCT wrote on X (formerly Twitter) that Ethereum is still trading in its current buy zone and urged traders to keep an eye on the market before making any big moves.
Day traders take advantage of short-term price movements to offload assets and record profits. Bullish activity and intensive currency flows in the market push traders to move in a particular direction.
“$ETH is still trading in a buy zone, IMO. Speaking of patience, it might be wise to keep an eye on the market over the next few days before making any big moves. I still believe that $ETH will reach five-digit prices this cycle. When $ETH spikes, it typically engulfs the entire market, fueling altcoin trading and lifting the entire cryptocurrency ecosystem. Masu.”
Other traders pointed to the flow of ETH to derivatives exchanges. On October 24th, net inflows to these platforms surged by 96,000 ETH, potentially triggering bullish sentiment. On both sides of the divide, bears and bulls envision factors that will change price trends from their perspective. However, if the bulls maintain the uphill direction on-chain, a positive change will occur.
 ETH price slumps as market pushes up
Bitcoin and several altcoins rose slightly across the crypto market last week. Bitcoin price and institutional invention activity is known to push the price higher as bulls zero in on stronger points. The market leader's price is trading above $66,500, marking a slight increase over the long term.
ETH price failed to take advantage of it This growth creates a mixed signal in space. Conversely, similar to Bitcoin, institutional inflows into the Spot ETH ETF could cause an upslope. ETF flows are driving the market, pushing BTC to an all-time high of over $73,000.
