Ethereum’s Price Surge Could Trigger a Massive Rally for This Hidden Gem Altcoin
The post Ethereum’s Price Surge Could Trigger a Massive Rally for This Hidden Gem Altcoin appeared on BitcoinEthereumNews.com.
The Ethereum price is once again a hot topic in the crypto sphere. As volatility decreases, analysts forecast a trendy move in the coming weeks. ETH is one of the most influential cryptocurrencies, and a trend shift could change the market sentiment. At the same time, a rising ERC-20 token, DTX Exchange (DTX), aims to revolutionize the global online sector, attracting attention from both retail and institutional investors. In the ongoing presale, DTX has raised over $11.85 million. In this article, we break down and explain why Ethereum’s trend shift could set DTX for a parabolic rally. Ethereum Price Prediction: Experts Project New Bull Leg Since the bull rally of 2021, the Ethereum price has been trading within a multi-year consolidation phase, but in between, it has created many strong trends. Because of its huge market cap, ETH has been a key measure for many investors. The Ethereum price is currently trading at $2,729, with a 1.45% increase in the last 24 hours. The seven-day stats show flat momentum. It has successfully sustained above the $2,500 level and is consolidating in an ascending triangle pattern. Courtesy: TradingView The pattern shows that Ethereum price volatility has decreased in the last few days, continuously reducing volume. Forecasts show that a range breakout above $2,800 could propel it towards the first target of $3,500, while if the momentum persists, ETH could reach the previous all-time high. The lower support at $2,530 will guard the price from a downtrend. Important Ethereum Price Levels: Major Support Level – $2,500 Major Resistance Level – $3,100 Technical indicators are indicating a rising bullish momentum, as the MACD for ETH/USD is forming a bullish crossover, with the smaller moving average crossing above the larger one. Additionally, the Ethereum price Relative Strength Index (RSI) is currently at 43, suggesting…
Filed under: News - @ February 22, 2025 2:18 pm