After Ethereum’s massive correction that pulled back its price to the $3K psychological level, the top altcoin began a cooling-off period, sparking rising expectations for a potential bullish rebound. ETH’s price has consolidated above the critical $3K support level allowing bullish participants to re-enter the market. This renewed demand reflected in the uptick in funding rates, highlights growing confidence among market participants as they anticipate reversing the current trend.
Alongside this mix, Lunex Network (LNEX) continues to pick up steam as more people discover its unique solution to some inherent DeFi challenges. Its innovative DeFi ideas and successful presale have drawn considerable interest from investors. With a growing user base and system designed to offer real passive income, Lunex could become a strong contender, following in the footsteps of existing giants like Ethereum.
Lunex Network (LNEX): Enhances DeFi Trading
With its superior interoperability allowing seamless transactions for more than 50,000 crypto assets across isolated blockchains, Lunex Network (LNEX)has enhanced the DeFi trading experience like never before. The project has appealed to privacy-focus traders as it has eliminated tedious KYC verification requirements and third-party connectivity, thereby eliminating data breaches and barriers to entry.
Moreover, the Lunex ecosystem offers advanced asset management tools, creative portfolio-maximizing capabilities, and multi-currency staking choices. This all-encompassing strategy ensures the platform not only satisfies the needs of today’s traders but also opens the door for a more linked and effective DeFi future.
The buzz around Lunex is evident, attributed to its expanding community and successful presale. It has demonstrated robust investor confidence and demand, having already raised over $5.6 million after selling more than 2.3 billion tokens. Early adopters who entered at $0.0012 have already recorded an over 333% return. Investors now have a rare chance to participate in the Lunex Network presale with the LNEX token priced at just $0.0052.
Can ETH Price Reclaim The $3,500 Level?
Ethereum’s price action has witnessed increased volatility after it failed to breach the $4,050 resistance level. This pushed the price of Ethereum below the $3,500 threshold and ultimately found strong support at the $3,000 psychological level. This level is crucial in determining the ETH coin’s next move due to the confluence of demand. Moreover, the $3,000 level aligns with the 100-day and 200-day moving averages.
Notably, the ETH price has formed a golden cross, with the 100-day MA crossing above the 200-day MA. This indicates a potential shift in market sentiment. However, the ETH token has been confined below the $3,500 resistance level. A breakout from this zone could catalyze a new upward trend and set the stage for a renewed rally.
Meanwhile, ETH crypto has declined from its ascending price channel from the 4-hour time frame, which culminated in a test of the $3K zone. This region aligns with the 0.5 Fib retracement at $3,200 and 0.618 Fib retracement at $3,000 levels, indicating a robust support line. Overall, ETH price action suggests a potential buildup of buying interest, which means that Ethereum is likely to embark on a fresh bullish surge, reclaiming the $3,500 resistance level.
Lunex Network Attracts Ethereum Investors
Ethereum (ETH) continues to excite investors with its massive potential for a breakout and long-term recovery. However, investors seeking the next big thing in the crypto landscape are shifting their attention to Lunex Network. With an unmatched low entry price point at the presale, Lunex is expected to record a 50x rally in Q1 2025. Meanwhile, the presale tokens are selling out fast since the token supply is limited.
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