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COINOTAG reported on September 16 that BitMine relayed fund analyst Mark Newton‘s assessment of ETH price dynamics. According to the report, Newton views the prior low near $4,233 as a structural support and anticipates a short-term retracement into the $4,418–$4,375 range, at which point his team plans to accumulate; the analyst also outlined a target near $5,500 by mid‑October as a forecast rather than a certainty.
Market professionals should treat this as one contribution to broader Ethereum analysis and weigh it against technical indicators, liquidity metrics and macro drivers. Prudent traders will integrate such forecasts into disciplined position sizing, stop-loss frameworks and confirmation-based entries to manage downside risk in the evolving crypto market.
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