Home web3.0 Ethereum (ETH) Surpasses $2,600 Milestone as Buying Pressure Picks Up

Ethereum (ETH) Surpasses $2,600 Milestone as Buying Pressure Picks Up

Oct 21, 2024 pm 07:30 PM
ethereum Price Prediction ETH 2025 DOT LNEX

Ethereum is finally experiencing significant buying pressure as the token's network activity has reached a weekly high.

Ethereum (ETH) Surpasses ,600 Milestone as Buying Pressure Picks Up

Ethereum (ETH) is finally seeing some serious buying pressure, with the token's network activity hitting a weekly high. Considering Ethereum's Gas Fees are currently as high as 55 Gwei, analysts are suggesting that ETH is now regaining investor confidence.

Ethereum is currently trading at $2,624.87 after an intra-day increase of 0.26%. As both Ethereum's Momentum Indicator and MACD Level are indicating high buying pressure, Ethereum price predictions are suggesting that the token could be testing the critical $2,837.11 resistance in the next few days.

Polkadot (DOT) fails to excite investors despite upcoming sub0 conference in November

While Polkadot's ecosystem is set to receive some major updates during the sub0 conference in November, Polkadot's price has failed to make any significant movements over the past few weeks, indicating that investors are losing interest in Polkadot.

Polkadot is currently trading at $4.23 after a minor intraday increase of 0.50%. There has been a decrease in Polkadot's volume by 8.25% over the last 24 hours, suggesting a decrease in investor interest. As Polkadot is trading below all of its key Simple Moving Averages on the daily chart, we can expect to see Polkadot's price decline to the $3.83 support soon.

Lunex Network (LNEX) presale tokens are running out fast

As one of the market's most explosive ICOs, Lunex Network has already managed to raise over 1,000,000 USDT within just a few weeks of its presale launch. As Lunex Network's presale tokens are quickly running out, analysts are now projecting up to 1800% returns for LNEX holders by the conclusion of the presale stages.

The reason why investors are rushing to add Lunex Network to their portfolios is due to the platform's utility and scalability. Rather than following traditional decentralized or centralized exchanges, Lunex Network is launching a DeFi exchange that will allow traders to swap tokens across different blockchains. Even with this cross-chain interoperability, Lunex Network still offers incredibly low transaction fees and high-speed transactions through smart contracts.

Lunex Network is also attracting a wide range of Web3 developers who can benefit from the platform's 65 RPC nodes. As LNEX investors can lease nodes, Web3 developers can easily build dApps that function across 40,000 different blockchains. To top it all off, Lunex Network also offers a portfolio tracker that helps traders keep tabs on their tokens, stocks, bonds, and ETFs all in one place.

Despite Lunex Network still being in presale, analysts are already tipping a 100x rally for LNEX on launch day. If these predictions hold true, we could see Lunex Network claiming a spot for itself among the Top 5 cryptos by market cap in 2025. Currently, Lunex Network is in stage 3 of its presale, with tokens going for a super low price of only $0.0015 each.

To learn more about Lunex (LNEX) Network, visit the following links:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

The above is the detailed content of Ethereum (ETH) Surpasses $2,600 Milestone as Buying Pressure Picks Up. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

The Cryptocurrency Market Winds Down 2024: A Season of Evaluation and Strategic Planning The Cryptocurrency Market Winds Down 2024: A Season of Evaluation and Strategic Planning Nov 11, 2024 pm 04:28 PM

As 2024 winds down, many are evaluating their cryptocurrency holdings and strategizing for the upcoming year. The latest developments in Ethereum are generating optimism

Peanut the Squirrel (PNUT) Meme Coin Soars 1,500%, Stealing Dogecoin's (DOGE) Spotlight Peanut the Squirrel (PNUT) Meme Coin Soars 1,500%, Stealing Dogecoin's (DOGE) Spotlight Nov 15, 2024 am 03:56 AM

Following Donald Trump's decisive victory in the 2024 U.S. presidential election, meme coins are gaining fresh momentum. Dogecoin (DOGE) remains a leader

Cronos (CRO) Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030 Cronos (CRO) Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030 Nov 18, 2024 am 12:52 AM

As the native token of the Crypto.com ecosystem, Cronos (CRO) stands as one of the largest cryptocurrencies globally, boasting a market cap of $4.28 billion.

Bitcoin Price Today is Down, But the Flagship Cryptocurrency Remains in a Bull Market Bitcoin Price Today is Down, But the Flagship Cryptocurrency Remains in a Bull Market Nov 13, 2024 pm 03:16 PM

Bitcoin (BTC) price recorded the first bearish daily close on Tuesday after a 30% rally, with a dragonfly Doji candlestick signaling a potential short-term

XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 Nov 13, 2024 am 12:28 AM

XRP saw a 19% jump this week as strong market indicators, including reduced selling pressure and increased open interest, point to further bullish movement.

Cardano (ADA) Price Run Targets $1 as Bitcoin Rally Targets $100k Cardano (ADA) Price Run Targets $1 as Bitcoin Rally Targets $100k Nov 15, 2024 pm 06:52 PM

Breakout Confirmed: ADA surpasses the $0.60 psychological level, signaling a bullish breakout. Golden Crossover Nearing: 50-day and 200-day SMA nearing alignment

Bitcoin Hits Record Highs, but Four Altcoins Show Potential for Higher Returns by 2025, Poised to Outshine the Market Leader Bitcoin Hits Record Highs, but Four Altcoins Show Potential for Higher Returns by 2025, Poised to Outshine the Market Leader Nov 18, 2024 am 09:40 AM

Bitcoin is soaring to record levels, drawing the eyes of investors everywhere. But while it dominates the headlines, other digital currencies may offer even greater gains.

Tron and Ethereum Dominate the Market as BlockDAG Emerges as a Hidden Gem for Traders Tron and Ethereum Dominate the Market as BlockDAG Emerges as a Hidden Gem for Traders Nov 12, 2024 am 09:54 AM

Tron's transaction volume reached a remarkable 238.6 million in October, continuing its growth streak for the eighth consecutive month. Concurrently, Ethereum has surged past $2,600, triggering a wave of purchasing as traders eye a potential increase