Ethereum

bullish

Bitcoin

Spot

<p><a href="https://coinpedia.org/news/ethereum-etf-inflows-surge-500-million-in-4-days-fuel-eth-price-rally/" target="_blank" rel="noreferrer noopener">Spot Ethereum ETFs</a> have hit their highest weekly volumes ever, as the price of Ethereum reached $3,400 for the first time since March. However, some selling pressure has caused Ethereum to pull back to around $3,100, finding support at that level. Despite this, Ethereum is still showing strong bullish momentum, and top analysts believe ETH could reach $4,000 by the end of the year.</p>   
<h2 class="wp-block-heading" id="h-ethereum-etfs-hit-record-breaking-volumes">Ethereum ETFs Hit Record-Breaking Volumes</h2>   
<p>Since the launch of spot Ethereum ETFs in August, trading volume has fluctuated, but this past week ETH ETFs surged to $1.63 billion in trading volume, marking a 44% jump from the previous week.</p>   
<p>In the first three weeks, daily <a href="https://farside.co.uk/eth/" target="_blank" rel="noreferrer noopener nofollow">volumes were just $566 million</a>. But from mid-August to October, the volume dropped to around $168 million, perhaps things have picked up again, now averaging $326 million daily.</p>   
<p>Meanwhile, this surge in activity mirrors the early days of <a href="https://coinpedia.org/news/cftc-approval-brings-bitcoin-spot-etf-options-closer-to-launch-bitcoin-eye-100k/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs</a>, which saw a similar pattern—spikes followed by a dip, then a significant rise again, raising hopes for similar long-term growth.</p>   
<h2 class="wp-block-heading" id="h-ethereum-eyes-4-000-target">Ethereum Eyes $4,000 Target</h2>   
<p>After hitting a high of $3,447, Ethereum faced selling pressure, pushing its price back to around $3,100. This drop aligns with the 38.2% Fibonacci retracement level, sparking speculation about a potential for more correction.&nbsp;</p>   
<p>Some are pointing to key support levels around $2,899 and $2,770, suggesting that if Ethereum can hold steady, it could bounce back. There’s even talk of Ethereum reaching $4,000 by the end of the year.</p>   
<p>One well-known trader, "Bloodgood," is already planning to buy Ethereum, aiming for a target of $4,000.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/bloodgoodBTC/status/1856778494635626608 
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<h2 class="wp-block-heading" id="h-ethereum-pectra-upgrade">Ethereum Pectra Upgrade</h2>   
<p>The upcoming Pectra upgrade is another reason for optimism, which is set to improve Ethereum’s scalability, security, and usability, this upgrade could further solidify Ethereum’s dominance in the blockchain space.&nbsp;</p>   
<p>Well-known analyst AstroCryptoGuru predicts that <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum’s price</a> could reach $4,000 thanks to the transformative impact of the upgrade, while others see even bigger potential if Ethereum continues to evolve.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/AstroCryptoGuru/status/1856758964903711171 
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<p>Some even predict that Ethereum could reach new all-time highs above $5,500, especially if institutional investors continue to show interest.</p>

Ethereum ETFs Hit Record-Breaking Weekly Volumes—Is $4K Within Reach for ETH?

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