The post Ethereum (ETH) Price Struggles to Find Support Amid Rising Competition From This Next Crypto to Explode at $0.04 appeared on BitcoinEthereumNews.com.

The Ethereum price is still faced with tough market challenges, sticking around the levels of $2,981 and failing to break past the area of resistance at $3,050-$3,060. The latest pullback following the liquidity trend at $2,900 has stalled, with major whale addresses unloading more than 270,000 ETH, amounting to over $793 million in five days. Despite the indication that some investors are buying, the presence of overhead supply and larger unloading of coins indicates limited upside potential. Parallel to this, Mutuum Finance (MUTM), has now entered the DeFi market as a new entrant. Currently selling for $0.04 in phase 7 of its presale, MUTM has managed to raise $19,600,000 in a relatively short period of time through contributions from 18,660 supporters.  The project offers an investment opportunity for investors at a relatively cheap entry cost in the presale phase, where a $400 investment has the potential to multiply returns by 35 times its value, to $14,000, given the successful implementation of the project’s expansion strategies. Ethereum Faces Strong Resistance Ethereum, the second-largest cryptocurrency by market value, remains range-bound at the moment. Technical analysis suggests that the asset is due for correction. The inability to sustain above $3,055 and the subsequent selling pressures emanating from the bigger market players make the chances of a rally remote, and the degree of liquidity present at the level of $2,800 threatens to act as the downside anchor.  Unlike Mutuum Finance which is setting up the framework for supporting revenue-generating infrastructures, the maturity of Ethereum seems to be causing it problems and investors are now pivoting. Token Sale Success Mutuum Finance has broken the $19,600,000 funding barrier, adding 18,660 members to the community-based presale for the MUTM token. It is currently at Phase 7, where the tokens are priced at $0.04. This phase is filling…

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Filed under: News - @ January 5, 2026 1:08 am