Ethereum (ETH) Price: Analyst Eyes $2,550 While Raoul Pal Calls ETH Undervalued
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TLDR Ethereum fell 1% on Friday, briefly dropping below $2,400 as Brent Crude rose 3.6% to $109.7. US spot ETH ETFs posted $60.2 million in net outflows on Thursday, with withdrawals on 12 of the last 13 trading days. Exchange reserves rose by about 290K ETH over three weeks, the highest since September 10. Analyst Ted Pillows says ETH bounced from $2,350 and needs a weekly close above $2,550. Raoul Pal says Ethereum is undervalued because of its role in stablecoins, DeFi and real-world assets. Ethereum (ETH) fell 1% on Friday and briefly traded below $2,400. The drop came as oil prices climbed and pressured risk assets. Brent Crude jumped 3.6% to $109.7, its highest level since May. Crypto has moved more closely with stocks in recent sessions.
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