Currently, Ether Lee (ETH) near $ 4,380 has been higher than the last $ 4,400 resistance, which has been a new optimism among investors despite the minor full back.
Encryption ETF inflows increased, institutional interest increased, and market sentiment suggested a long -term strong trend. However, there is a question of whether ETH can maintain more than $ 4,300 without facing short -term modifications.
ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
ETF inflow and institutional demand fuel Ether Lee’s rally
The recent surge is the result of the water of capital flowing with Etherum -centered exchange transaction funds. According to SOSOVALUE, ETH SPOT ETFS has won more than $ 80 million in net inflow and has won three consecutive days.
This momentum is the second largest cryptocurrency, which is the second largest cryptocurrency, and is a key layer for distributed finance (defi) and tokenization.
In the United States, October is called “ETF MONTH”, and regulators are expected to determine several password ETFs, including things connected to Solana, XRP and Dogecoin.
On the other hand, regulators in Asian countries, such as Thailand, are studying frameworks to grow the Altcoin ETF market. As a result, Ether Leeum is widely known as one of the main beneficiaries of these institutional products other than Bitcoin.
Technology Outlook: Strong but overdue
Ether Leeum’s over $ 4,300 rest also shows a rapid increase in trading volume, which is a technical small scale.
Spot volume surged to $ 7.17 billion, futures transactions increased to $ 97.3 billion, and public interest increased to $ 5.9 billion, up almost 2%. This suggests that both retail and institutional merchants are actively purchasing ETH at the current level.
The price of ETH on the chart has been moved away from $ 4,380 on the 30 -day moving average, strengthening its optimistic outlook. However, the relative robbery index (RSI) is near 52 and the signal ETH is in the optimistic area.
Historically, this often leads to integration or light fullback when merchants benefit. The immediate resistance is $ 4,450 ~ $ 4,500, and is strongly supported near $ 4,330 ~ $ 4,350.
Can Ether Leeum maintain the momentum of October?
The rally increased the ETH price by 9.1%, raising its market cap to $ 53.1 billion. But not all signs are constantly positive. Analysts warned that the growth of Staying was stabilized at 36 million ETH, and warned that the inflow of ETFs slowed earlier this year before this rebound, and the stable liquidity of exchange was reduced.
This risk emphasizes the potential of volatility even if optimism grows. Nevertheless, as long as the ETH remains more than $ 4,300, the trend prefers the bull. If ETF inflow continues and dangerous appetite remains stable, Ethereum can soon challenge the high resistance level of $ 4,600, and a milestone of $ 5,000 can be reached again.
At present, Ethereum is a signal of more than $ 4,400 that the institution and merchants are willing to bet on Uptober’s rally.
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