Ethereum Could Rally to $8,500 if Key Resistance Breaks

Key Notes

• Analyst Michael van de Poppe noted that ETH is bottoming out against BTC, which signals a rotation into altcoins.
• Ethereum price rally could trigger 200–500% gains for altcoins as market momentum broadens.
• Spot Ethereum ETFs recorded $176 million in inflows on October 6, led by BlackRock’s ETHA with $92.17 million.

Ethereum

ETH $4 743

24h volatility: 3.5%

Market cap: $573.14 B

Vol. 24h: $41.73 B

price has been showing strength recently, shooting past $4,700 and eyeing a rally to fresh all-time highs. Market analysts believe that ETH is approaching a crucial resistance, breaking past which could set the stage for a rally to $8,500 and above. Additionally, the inflows into spot Ethereum ETFs could aid the rally further from here.

Ethereum Price Could See Another 90% Upside

Crypto analyst Javon Marks suggested that Ethereum (ETH) may be entering its next bullish phase, eyeing a potential breakout above the key resistance level of $4,811.71. Marks noted that a successful move past this threshold could open the door for a rally toward the $8,500 zone.

Other crypto market analysts also shared a similar outlook for Ethereum price. Crypto analyst Michael van de Poppe stated that Ethereum appears to be bottoming out against Bitcoin

BTC $124 911

24h volatility: 0.3%

Market cap: $2.49 T

Vol. 24h: $66.19 B

. This clearly signals a potential shift in market momentum.

Related article: Ethereum Price Beats 14-Day Resistance Despite 1,000 ETH Insider Sell-OffHe noted that ETH outperformed BTC on the previous day, which triggered a broader rally across altcoins. Van de Poppe added that this trend could accelerate in the coming period, projecting that altcoin returns could surge between 200% and 500% as capital rotation within the crypto market intensifies.

In the short term, Ethereum price might see some pullback as it faces stiff resistance at $7,450. ETH key support zone lies between $4,250 and $4,450, supported by strong buying interest in this range.

Ether ETF Inflows on the Rise

Over the past week, inflows into spot Ethereum ETFs have also surged, highlighting rising institutional demand. On Oct. 6, the inflows stood at $176 million, with BlackRock iShares Ethereum Trust (ETHA) contributing a majority at $92.6 million. This comes as asset manager Grayscale announced staking to its spot Ether ETFs: ETHE and ETH.

BlackRock’s iShares Ethereum Trust (ETHA) recorded strong activity on Oct. 6, registering net inflows of 18,959 ETH, valued at approximately $92.17 million. The fund also reported $2 billion in trading volume.

BlackRock Ether ETF Inflows | Source: Trader T

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nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.