Ethereum and small-cap equities show a strong correlation, both sensitive to interest rates. Analysts predict a potential rise for both assets with more rate cuts expected. The Russell 2000 Index, tracking 2,000 US small-cap companies, is used to gauge the US economy’s performance. CME futures predict further rate cuts by the Federal Reserve.

ETH and the Russell 2000 display a cup-and-handle pattern, signaling a bullish continuation. Analysts expect ETH to reach a new all-time high soon due to a bottomed-out ETH/BTC trading pair and a potential correction in gold prices. Central banks easing could lead to capital rotation into risk assets like ETH.

Chart analysts foresee a new peak for Ether as it stabilizes above $4,350. Targets for ETH range from $5,200 to $8,500, with key support near $4,400. Despite a 6% correction, analysts remain optimistic about ETH’s upward trajectory.

Read more at Cointelegraph: Ethereum, Small-Cap Correlation Fuels Bullish Rate Cut View