Ethereum ETF Inflows Strong as ETH Price Tests $4,000 Support
Ethereum ETF Inflows and Price Movements
- Spot Ethereum ETFs show strong inflows despite market correction.
- ETH price struggles to stay above $4,000 due to selling pressure.
- Institutional investors show continued interest, with BlackRock's Ethereum ETF seeing significant inflows of $163 million.
- Total inflows into spot Ethereum ETFs reached $169 million on October 15.
- BlackRock's ETF ranks 15th among over 4,400 ETFs due to its popularity.
Market Analysis
- ETH has corrected nearly 10% from $4,400, testing support at $4,000.
- Crypto analyst Ted Pillows notes ETH holding above $3,850 may lead to short-term bullish trends if it surpasses $4,250.
- Ali Martinez highlights a potential bearish MACD crossover, previously leading to significant price declines.
PEPENODE Meme Coin Update
- PEPENODE, an Ethereum-based meme coin, nears a $2 million presale milestone with its mine-to-earn mechanism.
- Current price: $0.001105, with $1,838,367.13 raised so far.
- Offers staking rewards up to 3,022%.