Ethereum has experienced significant growth in recent days, thanks to large transfers between wallets and an increase in trading volumes. Since September 19th, the US Spot #eth ETF has seen a substantial inflow of funds, specifically $5.24 million per day, largely due to Blackrock's ETHA, which received all of this inflow. The total net asset value of this ETF has reached $6.70 billion, while the cumulative inflow amounts to $610.35 million. Most competing funds have not experienced a similar increase during the same period.

Bullish Trend in Cryptocurrencies and Ethereum Transfers

The bullish sentiment in the cryptocurrency market has contributed to significant transfers of Ethereum and Bitcoin. In the past 20 hours, nearly 230,000 $ETH has been transferred between various wallets. Notably, Galaxy Digital withdrew 3,500 ETH from the Binance exchange, increasing its total holdings to 65,368 ETH. Additionally, the #Ethereum Foundation remains active, having sold 950 ETH worth approximately $2.27 million since the beginning of September.

 Ethereum Price Analysis

Ethereum is currently trading at $2,542.80, representing a 4.53% increase. The total trading volume is $19 billion, down 5.75%, but the overall market capitalization has risen to $306 billion, an increase of 4.49%.

 From a technical perspective, the first support level has been identified at $2,436, while stronger support lies at $2,253. Resistance is set at $2,561, with a secondary level at $2,520. The Relative Strength Index (RSI) is at 72.62, indicating that Ethereum is in overbought territory, which could lead to a potential sell signal. Moving averages point to continued growth, with the 9-day average at $2,474 surpassing the 21-day average at $2,390.

Feeling FOMO? October and november are the most profitable months – Here are the most profitable sectors to invest in!

Historically, October and November are the most profitable months for cryptocurrencies, often marked by soaring gains and bullish trends. This is driven by factors like year-end trading closures, increased market activity, and anticipation around the fiscal year-end.

October, known as "Uptober," frequently sees a recovery after September's dips. November typically continues this momentum, with heightened investor interest leading into the holiday season, resulting in positive market movements.

The question is, which projects should you invest in? The current market is divided into various sectors, with some growing much faster than others. Historically, the GameFi sector, the Memecoin sector, and trading bots have performed the best. Over the past few years, these sectors have experienced significant growth in interest, with tokens from these areas seeing increases of thousands of percent.

But is there a project that fits into all three sectors? YES! And it's still in the pre-sale stage, so you still have time to get in. The project is FATTY.io, a comprehensive ecosystem that includes the play-to-earn Tamagotchi-style game FatBoy and the advanced professional trading bot #FatBot . On top of that, the Fatty ecosystem has a meme-style theme, great social media traction, and is gaining a lot of supporters.

This claim is supported by the fact that they've already raised $3.6 million in the current pre-sale. The Token Generation Event (TGE) is planned for Q4. The game is set to launch next month with a major test-to-earn campaign, where you can earn loads of $FATTY tokens just by playing.

To top it all off, the #Fatty token has gained support from several VCs, followed by a listing on a TOP Tier1 CEX!

Summary

Ethereum is currently experiencing a dynamic period characterized by significant inflows into ETFs and growing trading activity. This demonstrates strong market interest, although some traders remain cautious due to potential market overheating.

 Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“