Home web3.0 Ethereum (ETH) Set to Rebound Once It Clears the Resistance at $2,680

Ethereum (ETH) Set to Rebound Once It Clears the Resistance at $2,680

Nov 11, 2024 am 06:52 AM
ethereum Price Prediction Rexas Finance

ETH is heading towards resistance at $2680, which could rally its price to $6,000. This rally will also trigger a surge for one of its bullish tokens

Ethereum (ETH) Set to Rebound Once It Clears the Resistance at ,680

Ethereum (ETH) price enjoyed a brief surge past the $2,500 mark last week. Despite falling slightly below this level, ETH is still showing strength, and analysts believe it will be gearing up for a massive rally that will see it surge towards $6,000. However, ETH must first clear a crucial resistance point before it can rally. Once it does, this bullish outlook will not only boost ETH but also trigger a 7260% rally for one of its most bullish tokens, RXS.

Ethereum (ETH) Set to Rebound Once It Clears the Resistance at $2,680

ETH is currently trading at $2460, having found firm support near the $2400 level. Analysts believe that it is now warming up for a massive 2.5x surge that will see it rally towards $6,000. According to crypto analyst Ali Martinez, ETH is looking promising, and he is preparing for a risk-to-reward ratio that is quite positive. He has set a stop-loss below $1,880 and a price objective of $6000, making now the perfect time to be buying into ETH. However, there is a catch. Before ETH can rally, it must first break out from the resistance at $2,680. Once it manages to break past the sloping trendline, the bulls will be pushing it to rally towards $6,000. Its bullish outlook is being backed by long-term holders who are showing confidence in the token, and according to data from Glassnode, ETH’s future long liquidation dominance is over 80. This means that long-term holders are dominating the market. Even whales have remained bullish, with their total token held being 56.68 million ETH in the middle of October. If ETH crosses the resistance threshold of $2680, this bullish prediction will be validated, leading to an almost 2.5x rally for the king of altcoins.

Ethereum (ETH) Rebound to Trigger 7260% Rally for Rexas Finance (RXS)

As the king of altcoins, ETH is also expected to be starting the altcoin season, and if ETH can confirm the rally, then Ethereum-based tokens will also be picking up momentum. In particular, Rexas Finance (RXS) could be rallying by 7260% once ETH rebounds. An ERC-20 standard token, RXS has been showing bullishness ever since its presale began on September 8. Stage 4 sold out last week, and Stage 5, which has been running for just a few days, is already over 70% done. Rexas Finance has sold almost 115 million tokens, raising nearly 5.7 million. With such unstoppable momentum, there’s no doubt that investors are firmly backing the project. Launching at $0.20, RXS will quickly gain bullish momentum and start a price rally, possibly resulting in a 7260% surge. This offers investors an exceptional opportunity to gain massive profits. RXS is now selling at $0.07 in stage 5, and now is the right moment for investors to stack their portfolios before the rally kickstarts.

Rexas Finance (RXS): Top ERC-20 Token to Buy Right Now

With its idea to transform traditional finance through asset tokenization, Rexas Finance is quickly making waves in the crypto sector. Using blockchain technology, asset tokenizing turns real-world assets into digital tokens on the blockchain. Through Rexas Finance, the cost of investment is reduced, and the entry barrier is lowered. This project creates new opportunities in the financial scene since smaller investors can now purchase real-world assets in smaller fractions. Today valued at a whopping $400 trillion, the real-world asset industry is definitely ripe for the taking, especially considering that estimates show this industry will be seeing growth of over 40% by the year 2030. The Rexas Finance ecosystem is also boosted by comprehensive tools available for investors. These include a wide range of tools like Rexas Token Builder, which makes asset tokenization easy, and Rexas QuickMint Bot, allows you to create and deploy tokens right from your smartphone or computer.  Rexas GenAI also automates the process of generating high-quality NFTs. Other features include Rexas Treasury, Rexas Launchpad, Rexas AI Shield, Rexas DeFi, and Rexas Estate. Another smart move that Rexas Finance made is to guarantee its position to benefit from Ethereum’s upcoming surge. RXS is listed on CoinMarketCap and CoinGecko, thus investors can easily keep track of its real-time performance, which has boosted investors’ confidence. Rexas Finance also created a giveaway to give out $50,000 to 20 participants. This not only raises awareness about the presale but also

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