– Ethereum price targets $8,500 if resistance at $4,811.71 breaks
– Spot Ethereum ETF inflows rise to $176 million, led by BlackRock
– Snorter Bot raises $4.38 million in presale with unique Telegram features
Ethereum Price Analysis
Ethereum's price has surpassed $4,700, nearing a crucial resistance at $4,811.71. Breaking this level could push it towards $8,500.
Analyst Javon Marks highlights a potential bullish phase for Ethereum with significant upside if the key resistance is breached.
Ethereum outperformed Bitcoin recently, indicating a shift in market momentum, potentially boosting altcoin performances by 200%-500% as per analyst Michael van de Poppe.
Short-term resistance for Ethereum is noted at $7,450, with support between $4,250 and $4,450.
Ethereum ETF Inflows
Increased inflows into spot Ethereum ETFs, reaching $176 million on Oct. 6, signal growing institutional interest.
BlackRock’s iShares Ethereum Trust (ETHA) led with $92.6 million in inflows, and Grayscale announced staking options for its Ether ETFs.
Snorter Bot (SNORT) Developments
Snorter Bot, a Telegram-based trading bot, raised $4.38 million, focusing on Solana meme coins.
The platform offers integrated trading features within Telegram, attracting retail and speculative investors.
Current token price is $0.1071 with the presale ongoing.
