Ethereum Targets $4,500 Amid UK ETP Launch

2025-10-20 19:47

Ethereum is trading near $4,048, having reclaimed the $4,000 level, as optimism grows following the UK approval of retail access to Bitcoin and Ethereum ETPs. This regulatory move is expected to drive significant long-term inflows, with recent data showing $36.3 million in Ethereum inflows, indicating reduced selling pressure. The cryptocurrency is currently testing resistance around $4,100, with potential breakouts projected to reach $4,180 and $4,300. The launch of ETPs by 21Shares, Bitwise, and WisdomTree marks a significant development for European markets, broadening access for retail investors and potentially boosting Ethereum's price trajectory towards $4,500.

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