Ethereum price prediction: ETH-USD remains steady at $4,120 despite $547M ETF inflows
In recent sessions, the price of Ethereum has shown signs of stabilization at $4,120, following a notable increase of over 10% in four trading sessions. This upward movement has been supported by significant inflows of $547 million into ETFs and withdrawals of 117,900 ETH from exchanges. Traders are now closely monitoring the $4,275 resistance level, with potential upside targets ranging from $4,450 to $4,800 and even as high as $5,766.
Market participants are particularly optimistic about the outlook for Ethereum, given the favorable market conditions fueled by both ETF inflows and the recent alliance with SWIFT. These developments have injected momentum into the market, setting the stage for a potential surge towards the $5,766 level.
Within the cryptocurrency space, Ethereum is not the only digital asset attracting attention. XRP, for example, is also a focal point for traders, with key support around $2.85. Recent whale activity, with large purchases of 120 million XRP tokens, combined with a low liquidity of only 21 million XRP tokens available on exchanges, paint a bullish picture for XRP.
Looking ahead, all eyes are on the upcoming SEC decision on the 21Shares ETF scheduled for October 18. This ruling has the potential to be a catalyst for further price movements, potentially propelling XRP towards $3.62 in the short term and even reaching levels between $5 and $9 by the end of Q4 2025.
As the crypto market continues to evolve, other assets such as Bitcoin are also making headlines. With Bitcoin trading at $113,000, driven by the surge of the IBIT ETF to $87 billion, traders are now eyeing a breakout above the $120,000 level. The broader acceptance and integration of cryptocurrencies into mainstream financial infrastructure are contributing to the bullish sentiment in the market.
Moreover, the introduction of XRP ETFs on Nasdaq has further fueled excitement around XRP. With XRPR trading at $24.33 and XRPI at $17.55, the reforms by the SEC that facilitate ETF inflows are contributing to the positive momentum in XRP.
In conclusion, the cryptocurrency market is experiencing an upswing, with assets like Ethereum, XRP, and Bitcoin all showing strong potential for further gains. Traders and investors are closely monitoring key levels and upcoming events that could act as significant catalysts for price movements in the near future. The alliance between Ethereum and SWIFT, along with the influx of funds into ETFs, are key factors driving the positive sentiment in the market.
