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Ethereum’s price action against Bitcoin (ETH / BTC) recently appeared bearish and investors are worried about ETH’s future prospects. As Ethereum’s performance wavers, another low-cap altcoin, Lunex Network, is attracting attention with its unique DeFi features. Positioned as a bold competitor, Lunex Network offers advanced scalability, faster transactions, and impressive DeFi functionalities that could shift the market. With growing investor interest, many speculate that Lunex Network could eventually surpass Ethereum.
Could Ethereum (ETH) Reach $3,500?
Ethereum’s (ETH ) bull run has hit resistance at $3,400 and the cryptocurrency has slid sharply in the last two sessions. In case sellers continue to dominate, Ethereum might revert below $3,000. Ethereum jumped past the 20-day and 50-day SMAs to $2,723 last week. The price climbed to $2,897 on Thursday and stayed under the 200-day SMA, a key resistance level. Over the weekend, Ethereum jumped above the 200-day SMA and rose by almost 6% to close at $3,128.
Sunday saw market volatility as buyers and sellers battled for control. Eventually, buyers took control and pushed Ethereum up nearly 2% to $3,185. Breaking through this level might lead to $3,500. Despite the latest correction, analysts are positive Ethereum can continue to grow in the long run. Bullish sentiment strengthened as Ethereum rose almost 6% to an intraday high of $3,389 before dropping slightly to close at $3,373. Ethereum hit another high of $3,444, but as sellers became active above $3,400, buyer momentum slowed, leading to a correction. This correction caused Ethereum to drop nearly 4%, settling at $3,247.
In the current session, Ethereum is down around 3%, with sellers continuing to push the price lower. Ethereum had moved into the overbought zone, indicated by the RSI, making the decline unsurprising. If sellers maintain control, Ethereum could drop further to $3,000 or even $2,850. Conversely, if buyers regain strength, Ethereum could challenge the $3,400 resistance again. A breakout of this level might see the $3,500 price become feasible for Ethereum. Despite the latest correction, analysts are positive Ethereum can grow over time.
Could Lunex Network (LNEX) Reach $1 By 2025?
Lunex Network is a trading platform that lets users purchase, sell, and swap digital assets. Traders can access over 50,000 trading pairs on many blockchains free of charge. Additionally, Lunex Network offers a portfolio tracker that helps users monitor various assets, including stocks.
Besides, developers can use the platform’s 65+ RPC nodes to simplify Web3 development, accessible with just an API key. Businesses also benefit from Lunex’s B2B payment gateway, which enables secure, non-custodial cryptocurrency payments. Lunex Network will also launch Lunex Pro, a premium service that provides advanced crypto features like cashback on transactions and AML checks for added security.
Lunex Network has a profit-sharing model that rewards $LNEX holders with additional tokens. This approach is designed to boost demand for $LNEX, helping its value rise. Investors who hold the $LNEX token for at least 30 days can earn up to 18% APY, which lets their staking portfolio grow without reducing the APY rate.
Currently, demand for $LNEX is high, as shown by the $2 million already raised. By 2025, analysts think the $LNEX token will reach $1 price, the price tag of $LNEX is now $0.0021 making now a great time to get involved before Lunex Network soars!
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
