Ethereum, ever the drama queen, is attempting to find a sturdy support at the $4,000 level, after a rather theatrical 5% retreat from its weekly highs. One can only hope it doesn’t tumble into the abyss of $3,800. 🎭📉
Meanwhile, inflows into spot Ethereum ETFs have resumed, a sure sign that institutional investors are finally taking this market seriously-after years of ignoring it, of course. 🤷♂️💸
ETH Price Can Rally to $5,000 Post FOMC
With the FOMC event looming, investors are clutching their pearls, convinced that Fed Chair Jerome Powell will announce another 25 bps rate cut. Let’s hope this “good news” doesn’t send crypto markets into a frenzy of panic. 🚀💥
Crypto analyst Michaël van de Poppe, ever the optimist, claims Ethereum is “building momentum” while “squeezing” its way toward $5,000. One wonders if he’s referring to the market-or his own patience. 🕵️♂️📈
Daily update on $ETH.
Still the same squeeze and the same momentum being build up.
It’s all coming down to the business cycle and the decisions made by the FOMC.
If that’s progressive for risk-on assets, I think $ETH is ready for a new leg upwards and $5,000+.
– Michaël van de Poppe (@CryptoMichNL) October 29, 2025
BitBull, ever the cheerleader, insists Ethereum’s “renewed strength” is a bullish omen. One can only assume “renewed strength” means “pretending to be strong while hiding behind a $4,000 wall.” 🧊🔥
ETH price testing crucial support | Source: TradingView
Ethereum ETF Inflows Can Provide Additional Catalyst
Inflows into Ethereum ETFs have resumed, proving that even the most jaded investors can’t resist a good speculative bubble. 🕵️♀️💰
Fidelity, BlackRock, and Grayscale are all playing their part in this grand financial farce, with Fidelity hoarding $246 million like a dragon with a gold fetish. 🐉💸
The Ethereum Foundation, meanwhile, is busy upgrading its network to “enhance security, scalability, and node efficiency.” One can only hope they’re not just rebranding their existing chaos. 🧠🌀
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2025-10-29 23:30