Ethereum (ETH) may be eyeing a breakout to $3,500, as recent crypto charts and market sentiment hint at renewed bullish momentum. While ETH remains a staple, Mutuum Finance (MUTM), a rising performer in the DeFi market is generating buzz as the next big cryptocurrency to watch. Phase 5 Presale of Mutuum Finance (MUTM) is now over 50% sold out and MUTM is priced at $0.03. More than 12,700 investors have joined the Mutuum Finance presale. The sum of more than $11.5 million has been raised so far.
While Ethereum’s fundamentals remain strong, it’s Mutuum’s ongoing presale and growing traction that’s fueling whispers of a much bigger rally ahead, one that could outpace even top cryptocurrencies like ETH and SOL in the short term.
Ethereum Builds Momentum With Eyes on $3,500 Breakout
Ethereum (ETH) is trading at $2470, and it is not losing grounds alongside the slowly emerging bullish momentum on the market. Having support at around $2,400, the ETH is currently traversing toward some important resistance levels and analysts are of the view that a clear break above the level of $3,000 may unlock the next leg in the ETH upward where the next stop by the end of the week may be the level of $3,500.
On-chain indicators are getting stronger, and accumulation is being boosted, as investor sentiment is better than before after recent network improvements and consistent inflows of ETFs. Though, in the short-term, volatility cannot be excluded, particularly in case ETH managed to fall below the price of $2,370, the bias is shifting towards the upside. However, just as Ethereum prepares to break out, traders are casting their eyes elsewhere, with quicker-moving presale token Mutuum Finance catching the eye of many because of its short-term potential gains.
