Key Notes

A Fed rate cut announcement could be beneficial to risk-on assets like cryptocurrencies, driving ETH price and other altcoins higher.

The analyst BitBull sparked the possibility of a rally to $8,000.

Institutional demand is rebounding, with US spot Ethereum ETFs attracting $246 million in new inflows on October 28.

Ethereum ETH $4 002 24h volatility: 3.5% Market cap: $482.59 B Vol. 24h: $34.39 B price is trying to find a strong support at $4,000 level, following a nearly 5% retracement from its weekly highs. The positive development is that inflows into spot Ethereum ETFs have resumed, which shows that institutional demand is picking up once again. Top market experts continue to stay bullish on ETH while predicting upside to the all-time highs of

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