The Ethereum price is currently showing positive momentum. Ufo Calls forecast the value of the cryptocurrency could pump to $2,800 and beyond. At the same time, the Cardano price is under pressure and has dropped to important support levels that may define its further movement in the coming days.
While these giants struggle with volatility, there is a DeFi coin that is gradually making its way to the top called DTX Exchange (DTX). As a new-generation trading platform with over 700k users, DTX price is expected to double on the launch date. That is 2x ROI for smart investors who jump in now.
The Ethereum price has dropped to the $2.1k region as the downtrend lingers on. The cryptocurrency is now closer to losing the $2k level more than ever. According to CoinMarketCap data, the Ethereum price has dipped by 21.0% and 30.6% on the weekly and monthly timeframes. Meanwhile, Ufo Calls says the Ethereum price looks set for the next leg up.
The cryptocurrency enthusiast expects the Ethereum price to soar to $2,800 in the coming days. Another analyst called TraderSteve noted that the longer the Ethereum price remains between $2,150 and $2,300, the more likely it is to believe that the altcoin has hit rock bottom.
If this is the case, the Ethereum price could rally to former highs in a short time. While the Ethereum price is trading in the red region, whales have been on a buying spree. Data from Santiment shows they have bought over 110,000 ETH in the past 72 hours.
According to the trading platform Rose Premium, the Cardano price is close to a critical support level at the 0.786 Fibonacci retracement level. The 0.786 level has proven to be a good support level for the price of the cryptocurrency. Meanwhile, Rose Premium Signals notes that a double-bottom reversal pattern is forming on the Cardano price chart.
If the reversal occurs, the analyst expects the Cardano price to reach $1.214 and possibly $1.398. However, more buyers must enter the market to make this a possibility. At the moment, CoinMarketCap data shows the Cardano price has dipped by 25.8% on the weekly timeframe.
The decline has also extended to the biweekly and monthly charts, which have losses of 26.0% and 36.9%, respectively. In the meantime, the Williams percent range (14) and average directional index (14) flash a buy signal that supports a Cardano price pump.
While the Ethereum price looks to pump, DTX Exchange (DTX) is an upcoming trading platform that is gaining popularity due to its high-speed transactions, zero commissions, and respect for the privacy of customers. DTX Exchange is built on the VulcanX blockchain that can handle more than 200,000 transactions per second, thus, traders do not have to wait for long before their trades are processed.
One of the most prominent peculiarities of DTX Exchange is the absence of a KYC (Know Your Customer) policy. This way, the users can perform trading operations without having to go through rigorous identification procedures, thus maintaining anonymity and opening the platform for users from all over the world.
The native DTX token has various roles to play in the ecosystem. It is used for transaction fees, staking, and access to more features to improve the user experience. The current cryptocurrency ICO has generated more than $15 million in funding and has a community of more than 700,000 members. Currently, the DTX token costs $0.18, and it is expected to increase to $0.36 at the time of its launch, which means that early investors can make a high profit.
While the Ethereum price is expected to rise soon and Cardano struggles to defend its position, DTX Exchange is among the best altcoins in the market. It has been building up steam and has a clear utility which could make it the biggest winner in this cycle. Its low market cap and no KYC make it a top crypto to buy.
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