ETHEREUM CLIMBS BACK TO $4,700 AS BULLISH MOMENTUM STAYS STRONG

Ethereum is still climbing, regaining an important price level as its upward momentum continues.

Ethereum’s strong performance continues as the world’s second-largest cryptocurrency pushes higher alongside the broader crypto market. The coin’s recent rally began at the start of “Uptober,” a term traders use to describe October’s traditionally bullish trend in the crypto space. This positive market sentiment has also lifted Bitcoin to new highs and sparked fresh gains across several major altcoins.

Over the past week, Ethereum’s price has climbed roughly 11%, showing strong market confidence. Its market capitalization now hovers near $570 billion, while daily trading volumes have reached around $40 billion, highlighting the growing investor activity surrounding ETH.

One of the main drivers behind Ethereum’s latest rally has been the surge in inflows into U.S.-listed Ethereum exchange-traded funds (ETFs). These investment products, which make it easier for traditional investors to gain exposure to ETH, have posted several consecutive days of positive inflows. In the latest session, ETH ETFs saw around $177 million in new investments, pushing total inflows for the past six days to about $1.47 billion.

Analysts believe this sustained interest from institutional investors shows growing confidence in Ethereum’s long-term value, especially as the network continues to strengthen after its major upgrades.

With ETH now reclaiming higher price levels, attention is turning toward whether it can retest its yearly highs and possibly push toward new resistance zones above $4,800 and $5,000. A successful breakout above these levels could open the door for another strong rally, while continued ETF inflows may further support the uptrend. For now, Ethereum’s price action suggests that the bulls are firmly in control—and that the “Uptober” momentum might just be getting started

THE CRYPTOCURRENCY MARKET IS HIGHLY ACTIVE, WITH BINANCE’S DAILY TRADES REACHING $80 BILLION.

Earlier in July, Ethereum saw a strong rally that pushed its price close to $4,900, sparking optimism that it might soon break past the $5,000 mark. However, the momentum slowed as traders began taking profits, causing the asset to pull back below $4,000 by September. Since then, Ethereum has been steadily regaining strength, and the ongoing “Uptober” rally has once again put the bulls firmly in control as the coin works its way back toward previous highs.

Holding this position shows that buyers are starting to regain control of the market. The Relative Strength Index (RSI) has also bounced back toward the 44–50 range, signaling that selling pressure is easing and there’s still room for further gains.

The first major resistance level lies around $4,700, which Ethereum successfully reclaimed this week. A strong daily close above this level could open the door for a move toward the next target at $5,000, the upper boundary of the newly forming ascending channel. On the downside, support is found between $4,100 and $4,200. Staying above this zone would help maintain Ethereum’s bullish structure, while a drop below it might trigger a retest of the $3,800 area.

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