Ethereum sees picture perfect rejection at all-time highs
A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the "up only" trend of the past week. Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs. Data from Cointelegraph Markets Pro and TradingView ETH/USD just match its record $4,380 on Bitstamp before seeing a harsh rejection.
Traders watched in anticipation as Ethereum appeared to follow Bitcoin to historic new levels, only to face immediate resistance and fall sharply back into a lower range. Trader and analyst Rekt Capital called the event a "picture perfect rejection."
At the time of writing, ETH/USD circled $4,150, preserving $4,000 as support with the exception of a flash dip which immediately followed the all-time high rematch. Against Bitcoin, Ethereum fared better, with the ETH/BTC pair having bounced near lows last seen in late July.
Bitcoin could see "additional topside euphoria"
Having similarly failed to hold significantly higher levels, Bitcoin itself took an extended break as overheated markets cooled their excitement. Funding rates were returning to normal on Friday, having reached a state reminiscient of the blow-off top from April. As with open interest, however, these were not as frenzied as the Q2 rush, which produced the $64,900 all-time high in place until this week.
"This means there is possibly still room for additional topside euphoria but we are at levels that are starting to stretch the market," crypto trading firm QCP Capital commented in its latest market update.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 78.8% | 36 | $63 540.43 | 2.56% | -1.60% | $1 255 829 021 961 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 42 | $2 481.91 | 2.64% | -5.96% | $298 769 920 581 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.000138 | 0.01% | 0.01% | $119 693 873 487 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.8% | 42 | $576.12 | 2.39% | -1.04% | $84 074 649 175 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 50 | $148.20 | 3.60% | -5.58% | $69 545 896 988 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $1.000225 | 0.02% | 0.03% | $35 506 494 098 |  |
|
| 7 |  XRP |
XRP predictions | 73.6% | 44 | $0.540782 | 1.83% | -16.21% | $30 588 838 160 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 80.4% | 34 | $0.113747 | 4.37% | -7.45% | $16 637 108 781 |  |
|
| 9 |  TON |
Toncoin predictions | 84% | 31 | $5.34 | 2.74% | -8.58% | $13 531 081 838 |  |
|
| 10 |  TRX |
TRON predictions | 92.8% | 1 | $0.154408 | 0.73% | -0.45% | $13 369 002 913 |  |
|
| 11 |  ADA |
Cardano predictions | 80.8% | 40 | $0.362785 | 3.85% | -7.11% | $12 683 346 378 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $27.26 | 3.87% | -5.57% | $11 080 976 739 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 55.6% | 94 | $0.000018 | 6.57% | -1.67% | $10 868 395 904 |  |
|
| 14 |  STETH |
Lido stETH predictions | 91.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 92.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
