ETH Could See $2500 Before $4000, Investors Are Switching To Remittix
The post ETH Could See $2500 Before $4000, Investors Are Switching To Remittix appeared on BitcoinEthereumNews.com.
Ethereum has posted losses on monthly, weekly and daily time frames and some believe it will now continue to dip, rather than regaining its footing. Meanwhile, other players are drawing investor attention and one in particular, with its presale raising more $5.4 million in just a few weeks. Remittix is gearing up to disrupt the PayFi space with a deep value offering in the global payments industry. So why is Ethereum seeing a downward trend and how could Remittix (RTX) perform in 2025? Ethereum (ETH): A Steady Climb or Stuck in a Range? The second-largest cryptocurrency, Ethereum (ETH), started off slowly in 2025 and is currently dwindling at $3219. Even with 5% more trading volume over the last week, Ethereum faces a major hurdle as investors appear wary of its short-term potential. Market analysts predict Ethereum (ETH) could revisit $2,500 before regaining the strength needed to rise to $4,000, a prediction based on mixed signals in technical and on-chain metrics. Technically, Ethereum’s (ETH) MACD on the weekly chart remains in a bearish zone, with no clear crossover in sight. The RSI currently stands at 49, teetering on the edge of neutrality, which reflects a lack of strong buying pressure. Compounding this uncertainty, Ethereum’s trading volume is increasingly dominated by profit-taking activity, as evidenced by a slight drop in large transaction counts (above $100,000). On-chain data paints an interesting picture: Ethereum (ETH) staking has reached a record 24 million ETH, locking up nearly 20% of the total circulating supply. While this reflects strong long-term confidence in Ethereum’s Proof-of-Stake mechanism, it also creates short-term liquidity challenges, contributing to its recent sluggish price action. Remittix Disrupts the PayFi Status Quo Remittix (RTX) is racing to the forefront of the $190 trillion cross-border payments market. By tackling inefficiencies head-on hidden fees, sluggish processing and…
Filed under: News - @ January 24, 2025 11:24 am