Ethereum’s price is preparing for a massive breakout past $3,000 as inflows into ETH spot ETFs surpassed $300 million. The bulls have taken back control of ETH’s market, as seen by Ethereum’s bullish breakout pattern taking shape.
SUI is also flashing bullish signals with several wins under its belt, such as the approval of the $162 million recovery transaction for the Cetus hack victims. The recent Nasdaq filing of a spot SUI ETF has also catalyzed SUI’s bullish sentiment.
And then there is Remittix, an ERC-20 token on the verge of disrupting a $800 billion remittance market. Remittix’s RTX presale has already raised over $15.4 million and analysts forecast a 3,000% uptick on launch.
Ethereum’s price prepares for a bullish breakout
As its price moved through $2,751, Ethereum is emerging from a long-term downturn that saw it dip below $1,400. After a 101% rebound, ETH has surged past the $2,500 psychological resistance while establishing higher support with much higher lows.
Image source: Trading View
Ethereum still runs the risk of a short-term pullback before a complete change in sentiment. Expert analysts have pointed out Ethereum’s potential to trigger a market-wide altcoin rally if ETH’s price confirms support above $3,000.
At the moment, Ethereum continues to show notable strength among altcoins, with its price consolidating just below the 200-day SMA resistance zone. The bulls have defended the $2,500 to $2,600 support area. However, if ETH fails to break out of this resistance, a temporary pullback may materialize to retest lower support.
SUI is on the verge of a bull run as its institutional appeal increases
Altcoin season is around the corner and SUI is following Ethereum with a setup that most analysts interpret to be the prelude to an explosive rally in the coming months. After the Cetus protocol hack that saw users lose over $220 million, SUI’s community has voted strongly in favor of reclaiming lost funds, further adding to SUI’s legitimacy and growing confidence among investors.
While SUI has pulled back from its recent uptick past $4, analysts are pointing out a decisive bullish setup forming that could see SUI join Ethereum in an explosive rally this altcoin season.
A shift toward altcoin legitimacy is taking place, especially with Nasdaq filling SUI ETFs.
Image Source: Coingecko Remittix’s (RTX) on track to reinvent cross-border payment as presale soars
Remittix’s PayFi protocol is about to take off now that its RTX presale has successfully raised over $15.4 million. RTX has surged over 400% from its presale entry price of $0.015 and analysts are forecasting further upside, which could see RTX rally 3,000% on launch across major exchanges.
With a presale that has sold over 540 million RTX tokens, Remittix is sparking major interest from investors who believe in its potential to lead the charge in cross-border payments. Remittix facilitates crypto-to-fiat transactions for individual crypto holders and small businesses, which is a crucially underserved area ripe for disruption.
What makes Remittix stand out is its appeal to regular users instead of an institutional focus, which XRP is focused on. This has the potential to spawn a remittance goldmine, thanks to Remittix’s simplicity and affordability. Could this ERC-20 token lead the next PayFi revolution?
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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