.png){kind=logo}
Ethereum price recovery is in full swing, with ETH rebounding above $3,200, reclaiming its spot as a top crypto contender. However, the spotlight is now on DTX Exchange, a viral altcoin all ready to overtake Avalanche (AVAX) in 2025. With DTX’s innovative features like decentralized custody, 1000X leverage, and ETF tokenization, it’s already making waves during its presale phase. Can DTX achieve what analysts predict? Let’s take a look.
After falling below $3,000, Ethereum (ETH) has recovered with fresh energy. As of the time of writing, ETH is trading near $3,233, which some experts referring this Ethereum price as the "buy zone".
According to a renowned analyst, Michael Ebiekutan's price prediction, ETH must surpass major resistance at $3,550. Ethereum price must break over the $3,776 obstacle and retest the key resistance level of $4,094, which is the price at which ETH peaked in 2024, to continue its upward climb.
Meanwhile, other elements may give additional support for Ethereum's (ETH) upward price trend. Among these, the most recent data from market analytics firm CryptoQuant shows that funding rates have recovered to over $3,000. This data shows an increase in buying interest in ETH tokens as buyers expect the price to rise in value.
Another element is rising market sentiment, which is seen as a driving force that might allow the Federal Reserve to lower interest rates.
Despite trying a breakout in December, the AVAX token has been unable to break over its substantial barrier, building bearish sentiment. Avalanche (AVAX) has identified the $27 price range as a potential support level.
This area is consistent with its past accumulation area, indicating possible buyer interest. If Avalanche (AVAX) can breach this support level, the cryptocurrency may fall lower, maybe below $25.
Recent data show a fall in Open Interest (OI), which corresponds to Avalanche's (AVAX) inability to maintain bullish momentum over $55 in November. A decline in OI often indicates dropping speculative activity as Avalanche (AVAX) traders maintain their positions in the face of uncertainty.
For Avalanche (AVAX) cryptocurrency to change this outlook, it has to rise over the $40 and $42 barrier levels while the OI rises.
While crypto experts are predicting Ethereum price recovery, they also claim that this new viral altcoin, DTX Exchange (DTX) is all set for a big change overtaking Avalanche (AVAX).
DTX Exchange is an upcoming exchange platform that is bridging the gap between centralized and decentralized finance and bringing the best of them on one single platform. The custody part will be decentralized while the platform’s performance will follow that of centralized exchanges.
DTX Exchange sets itself apart from the heavy competition out there in the market with its robust platform features like 1000X leverage, a non-custodial wallet, distributed liquidity pools, ETF tokenization, a wide range of assets, and a lot more.
These features aim to offer a seamless trading experience for over 120,000 financial assets, including cryptocurrencies, ETFs, stocks, forex, and bonds.
The team behind this upcoming platform believes big on trust and security. Their dedication to staying in line with these core principles shows clearly.
The project even before its official launch is listed on a top crypto platform, CoinMarketCap boosting the project’s status as a reliable player in the market. For security, the platform has undergone various strict security audits and has plans to expand its security protocols this year.
DTX Exchange (DTX) is currently in its presale phase and has already raised over $11.8 million in funding. The platform's strategic pricing of tokens, with a planned increase at every subsequent round points towards a keen awareness of market dynamics and investor sentiment. Currently, at the stage 7, each DTX token is priced at $0.14.
As Ethereum price holds steady above $3,200, it’s reclaiming its position as a market leader, while DTX Exchange is quickly emerging as a strong competitor to Avalanche. With its innovative hybrid model, robust security, and unparalleled features, DTX has all that it needs to be a game-changing project.
Discover more about the DTX Exchange here:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
