Ethereum price jumped past $4,700, with analysts suggesting a potential breakout above the key $4,811 level could trigger a rally toward $8,500.
By Bhushan Akolkar
Editor Julia Sakovich
Updated
3 mins read
Ethereum ETH $4 480 24h volatility: 4.8% Market cap: $540.54 B Vol. 24h: $49.65 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.
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.
$ETH (Ethereum)'s NEXT LEG HIGHER can be COMMENCING and prices look to be headed towards another break of $4,811.71, which is a key technical level.
That level breaks and prices could send towards $8,500+… https://t.co/nXIUu5RgCb pic.twitter.com/wgzeOKIg8O
— JAVON⚡️MARKS (@JavonTM1) October 6, 2025
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 $121 550 24h volatility: 3.1% Market cap: $2.42 T Vol. 24h: $76.49 B . This clearly signals a potential shift in market momentum.
He 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.
$ETH starts to bottom out in this area, against $BTC.
Yesterday, $ETH outperformed Bitcoin and, as a response, we've seen #Altcoins outperform $ETH and $BTC.
This will likely accelerate in the coming period, through which the returns of #Altcoins should be 200-500%. pic.twitter.com/KgQ3bJ6FFz
— Michaël van de Poppe (@CryptoMichNL) October 7, 2025
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.
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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Disclaimer: 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.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
