This Could Be The Biggest Crypto Surge in History, But How High Will Ethereum Price Go?
This bull run has been historic for Bitcoin holders due to its bullish price momentum, but ETH traders are on the edge of their chairs. Ethereum price has hit new highs since July but the altcoin sector has seen much higher gains in other altcoins. Furthermore, the suffering Spot Ethereum ETF market led to high speculations about the Ethereum price this year.
Many analysts closely watch the Ethereum price trends this week after days of net outflows from the Spot Ethereum ETFs. Meanwhile, an emerging presale giant has been stealing the throne from many established and bullish crypto assets, ready to show the biggest surge in history after its anticipated Q4 listing.
Selling Pressures Trigger Price Correction After ETH Hit $3.5K
Ethereum price has surged more than 40% in the last 30 days, displaying a promising trend after the US elections. This week, ETH broke past the July highs for the first time in this bull run after touching the $3.5K marker. However, the immediate bearish pressures due to high selling activity at this threshold level make the Ethereum price struggle.
Source: CoinMarketCap
This sudden reversal and failure of the ETH bulls to drive the Ethereum price past the resistance levels might trigger a short-term correction for the token. A bearish divergence and the RSI indicator also suggest selling pressures and profit bookings by traders, primarily due to the underperformance of Spot Ethereum ETF and rising sell-offs.
Ethereum Price Prediction: How Spot Ethereum ETF Rally Can Help
Spot Ethereum ETF can be crucial in shifting the ETH price trends this bullish month. After days of bullish performance post-elections, Spot Ethereum ETF witnessed notable outflows, especially from $81.3 million on Tuesday last week. This negative trend was broken by BlackRocks Spot Ethereum ETF inflows of $91.2 million this Friday.
If a notable shift happens in the Spot Ethereum ETF sector, following BTC ETFs bullish trend, the Ethereum price can move the way forward for a bullish rally. Experts say that if the market favors ETH-based assets and the bullish forces, ETH can easily top this cycle with a $5,000 rally by the end of December.
DTX Exchange Will Steal The Throne With 10,000% Rally Prediction
DTX Exchange (DTX) is ready to shoot up the highest this December as the trading community anticipates its CEX listing. The platform has made its reputation among newbies and expert traders as a landmark of successful trading experience through cutting-edge technologies and innovative trading features like the first-ever hybrid layer-1 blockchain and 1000x leverage.
DTX Exchange has attracted large stakeholders to pump the presale past $8.6 million in batch 5 with an unstoppable volume influx, evidenced by 150,000+ sign-ups since the presale launch. DTX Exchange is the first-ever hybrid layer-1 blockchain to perform 10,000 TPS on the testnet and offer no gas fee to provide a seamless trading experience for traders.
Many traders are buying DTX tokens this season at a low entry point of $0.1. As the hybrid trading platform, DTX Exchange has the capability to outrank established exchanges with its sophisticated infrastructure and end-to-end solutions, experts predict that DTX listing will disrupt the ranking tables this year with an explosive 10,000% rally.
Key Takeaways
DTX Exchange is poised for historys biggest rally after its record-breaking presale momentum. As the Ethereum price faces resistance and the Spot Ethereum ETF market continues to stay flat, DTX emerges as the game-changer of this cycle despite ETH predictions about a $5000 rally in case of a bullish scenario. With its innovative features and $0.10 entry price, now is the time to secure your spot in the DTX presale before the flight takes off.
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Text source: Crypto Daily™
