The post Ethereum Stagnates Under $4k, But This New Token Promises Massive Gains! appeared on BitcoinEthereumNews.com.

Ethereum (ETH) has been struggling to reclaim the $4k barrier for multiple weeks now. Despite the latest bullish momentum in the market, the token has failed to satisfy investors. In the meantime, a newcomer is making headlines that investors should take a look at! Ethereum and its slow movement Over the last week, Ethereum price action remained sluggish as it registered a modest 3.5% price rise. Though this might seem like a big deal, the token still couldn’t manage to jump above any major psychological resistance levels. At the time of writing, the king of altcoins was trading at $3.36 with a market capitalization of over $405 billion. It is interesting to note that despite the slow-moving price action, over 78% of ETH investors are in profit, as per IntoTheBlock’s data. Notably, a key metric suggested a bullish trend reversal. The NVT Ratio registered a sharp downtick in the past seven days. Whenever the metric drops, it means that an asset is undervalued, increasing the chances of a price hike in the coming days. Source: Glassnode Technical indicators revealed that at the time of writing, the king of altcoins was testing a critical support level. A plummet under that mark could push Ethereum’s price down to the $3k range again. The Money Flow Index (MFI) moved southwards, suggesting a hike in selling pressure—a sign of a possible price decline. Nonetheless, if bulls manage to make a comeback, Ethereum’s price might first target $3.6k before eyeing $4k. Source: TradingView Nebula Stride (NST) is paving its way ahead! While Ethereum struggles, a new member in the crypto industry is making its way to become the next big thing. Nebula Stride (NST) is emerging as a promising crypto that bags enough potential to grow in the coming days. NST is focusing on the…

---

Filed under: News - @ January 17, 2025 2:24 pm