ETH is one of the few large-cap coins yet to achieve its all-time high. Ethereum price is trading 8% below its ATH, and the bullish trendline breakout confirms that it can soon achieve a fresh high.
With the breakout of the Ethereum price, the potential ERC-20 has gained significant momentum. DTX Exchange, the top ERC-20 project, is near the $10 million milestone just under two months into its presale. Technical and fundamental analysis shows that DTX Exchange is gearing up for 100X in the next six months.
Ethereum Price Breaks Long-term Barrier Aims ATH
With the last two weeks’ bullish momentum, the Ethereum price has broken the six-month high and the long-term descending trendline, from which it has been rejected twice. In March and May earlier this year, the Ethereum price was rejected from this descending trendline. In the last 24 hours, ETH has gained 3.3%, stabilizing itself above $3,700 after dipping near the $3,500 level.
Ethereum’s price around the $3,730 level has an RSI of 67.8, which is near the overbought zone of 70. However, if the breakout reaches the ATH, it can reach near the 80 levels. Ethereum price is currently trading above the short-term moving average of 50 days, which indicates its bullish strength.
Also, the continuous inflow in spot ETH ETFs has pushed the Ethereum price. Spot Ethereum ETFs saw strong inflows, surging again on Tuesday, December 3. Following Monday’s $24 million inflow, net inflows jumped to $132 million on Tuesday, driven by Fidelity’s FETH and BlackRock’s ETHA. Last Friday, daily Ether ETF inflows even surpassed those of Bitcoin ETFs, acting as a key factor in the recent rise in ETH prices.
DTX Exchange Gains Momentum During Presale; Experts Project Huge Gains Ahead
DTX Exchange entered the sixth stage of the presale with a bang; on the first day, it saw an inflow of $850k, mostly from smart money. DTX Exchange is the pioneer in hybrid trading technology, and smart investors are recognizing the platform’s future potential. DTX Exchange has raised $9.4 million with over 13,500 coin holders.
Hybrid trading is DTX Exchange’s flagship product; it allows trading in 12,000+ assets and 100,000+ instruments with an outstanding leverage of 1,000X. DTX Exchange also provides a Phoenix wallet, which enables smooth, hassle-free transactions and offers low-interest borrowing.
DTX Exchange is popular among traders because it offers innovative trading tools combined with AI. Its order execution time of 0.4ms is among the highest in the exchange industry. On the recent Testnet, DTX Exchange achieved an exceptional record of 10,000 transactions per second.
Investors can purchase DTX Exchange at $0.12, which will increase to $0.2 at the time of listing. Moreover, DTX Exchange is expected to rise to the $4-$6 price range after the listing. The vast and diverse assets offered enable users to adjust their portfolio efficiently, and these features explain the high demand for DTX Exchange amongst investors.
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