As the fourth quarter of 2023 kicks off, both Polkadot (DOT) and Ethereum (ETH) are experiencing notable upward momentum, attracting the attention of investors and analysts alike, and the publication demonstrates positive momentum in the developments.
Polkadot (DOT) Trading Update
Polkadot (DOT) is currently trading around $420, maintaining a bullish setup above key moving averages. Analysts have set a short-term target of $430, indicating a positive outlook for the asset as it continues to show strength in the market.
Ethereum (ETH) Surge
On the other hand, Ethereum (ETH) has seen a remarkable surge of nearly 20%, recently breaking the $4,500 mark. This rally is largely attributed to substantial inflows into exchange-traded funds (ETFs) that focus on cryptocurrencies. If this momentum continues, analysts project that ETH could reach targets between:
- $5,000
- $5,625
further solidifying its position in the market.
Market Outlook
Both DOT and ETH are well-positioned for potential gains this quarter, making them assets to watch as the market evolves.
