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The second-largest cryptocurrency, Ethereum, has recovered the $4,000 zone following an 8-month consolidation phase and recorded an intraday high of $4,093. The spike has rekindled hope among experts and investors, igniting debates on whether Ethereum might surpass its all-time high by December 25. Bitcoin's climb above $103,000 has driven this movement since it has generated good momentum across the crypto market, benefiting Ethereum and other leading altcoins.
Ethereum has a critical resistance level of $4,101, a price point that has traditionally been a significant obstacle despite the recent gain. ETH briefly exceeded the $4,000 level in March 2024 but was turned down at $4,100, which caused a brief downturn. Ethereum is trading above $3,950 right now, which experts consider a solid basis for more increases. Experts expect a possible breakout towards the $4,500 zone if the asset stays steady at about the $4,000 level. Ethereum's positive momentum is mainly driven by the recent increase in Ethereum Exchange-Traded Funds (ETFs). Spot ETFs have received significant inflows, with $83.7 million noted on December 6 and an astounding $836.7 million over the previous week. These inflows show increasing institutional interest, which can help strengthen Ethereum's rising trend in the coming weeks. Ethereum's technical signals fit the market's positive attitude. On the daily price chart, one has seen a golden cross pattern whereby the 50-day moving average (MA) crosses above the 200-day MA. This pattern is often interpreted as a sign of ongoing, increasing momentum. November 2023 is the last time Ethereum saw a golden cross before a surge ranging from roughly $1,800 to $4,099 by March 2024.
Furthermore, strong bullish momentum is reflected in Ethereum's Relative Strength Index (RSI) 64. With a 0.20 reading, the Chaikin Money Flow (CMF) indicator shows positive Ethereum capital inflow. With ETH now trading at $3,994 and a daily trading volume of $47.89 billion, the asset is just 18.5% shy of its all-time high of $4,891, attained on November 16, 2021. With a notable 25.19% increase, Ethereum might surpass its past peak and target the $5,000 level if the present surge keeps on.
Although Ethereum is still a strong investment choice, new initiatives like Rexas Finance are becoming increasingly popular and providing great opportunities. Rexas Finance launched on September 8 and has been causing ripples in the market by transforming Real-World Asset (RWA) tokenization. The platform lets even non-technical people generate, run, and trade asset-backed tokens, simplifying the otherwise difficult process of asset tokenizing. Investors have responded well when Rexas Finance chose a presale approach over venture capital financing. The project has routinely sold out its presale phases ahead of time and raised an astounding $25,213,376 as of writing. From $0.03 in presale stage 1 to $0.125 in stage 9, the token's price has grown 316% in under three months.
Stage 9 is already 97.23% complete, with stage 10 priced at $0.15 on the horizon. Rexas Finance is expected to finish its presale phases by December 25; the last stage is stage 11, with tokens priced at $0.175. Early investors have a 50% benefit from this progression even before the cryptocurrency is launched on leading exchanges. Rexas Finance wants to introduce its RXS token for $0.20 in early 2025, with projections predicting a possible surge to $1 by the end of the year. Rexas Finance has a robust roadmap and strategic timing that matches the upcoming crypto bull run.
Strong technical indications and institutional involvement help Ethereum's present surge make a convincing argument for the asset to achieve a new all-time high before December 25. Investors should, however, keep aware of possible difficulties and market volatility. Investigating alternative investments like Rexas Finance might offer diversity and exposure to creative blockchain uses. The larger crypto ecosystem is flourishing as Ethereum continues its upward trip, providing many opportunities for new and experienced investors. Whether through well-known behemoths like Ethereum or fresh arrivals like Rexas Finance, the cryptocurrency market is still a vibrant and engaging place for investment.
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram:https://t.me/rexasfinance
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
