Ethereum ETF demand is on the rise as institutional investors remain optimistic about its long-term potential despite market uncertainty. The Fear Index has dropped to 34, its lowest since May, leading analysts to recommend Ethereum (ETH), Cardano (ADA), XRP, and MAGACOIN FINANCE as top altcoins to consider during this period. Inflows into the iShares Ethereum Trust (ETHA) reached $621 million in early October, more than doubling from the previous month.
Ethereum's price has stabilized above $4000 after a recent dip to $3400, with analysts predicting a rise towards $4280 and potentially $4600–$4800 if Bitcoin recovers above $120,000. Cardano (ADA) has seen significant accumulation by large holders, with over 70 million ADA acquired in the past week, maintaining a price range of $0.84 to $0.86. Meanwhile, XRP is holding above the $2.70–2.80 support zone amid ETF anticipation, as major firms like Grayscale and WisdomTree apply for spot ETFs. MAGACOIN FINANCE is also gaining traction as an emerging altcoin, with strong tokenomics and verified audits, projected to offer substantial returns post-listing.
Ethereum ETF Demand Surges Amid Market Fear, Altcoins Highlighted
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