Ethereum (ETH) finally showed its momentum, breaking out of the pattern it has been trading in for the past few weeks.
An increase in Spot Ethereum ETF inflow has also helped the ETF price maintain its momentum. Along with ETH, XRP price has also shown good momentum from the lower range region, increasing by 7.23% over the last seven days.
With this surge in the prices of Ethereum and Ripple, some investors have booked their gains and are embarking on the DTX Exchange pre-sale. Crypto whales entered the presale during the previous stages of the DTX presale and are looking to add more as the token is available at an undervalued price.
Spot Ethereum ETF Sees Highest Inflow in Six Weeks; ETH price targets $3,000
Spot Ethereum ETFs in the United States have reached their highest inflows over the past month and a half, thanks to the post-election surge in the crypto market. The nine newly launched Ethereum spot ETFs saw a combined inflow of $52.3 million. The Fidelity Ethereum Fund (FETH) leads with $26.9 million, while the Grayscale Ethereum Mini Trust (ETH) follows with $25.4 million. The other seven Ethereum spot ETFs saw no inflows.
This development has had a positive impact on the price of ETH, as other altcoins face a slight pullback; Ethereum stands tall with gains of over 8% on Wednesday. After creating the low in August, this is the first time ETH has given a breakout of the range-bound pattern. The May and July low, the psychological level of $300, is the immediate price resistance and nearest target.
Large Ripple Transfer: Will This Affect XRP Price?
Ripple’s recent transfer of 470 million XRP has generated market speculation as to its purpose. This large transaction to an unknown wallet comes as optimism grows in the cryptocurrency market. Former President Trump recently mentioned the potential removal of Gensler, which could increase the price of XRP. Gensler has been a leading figure in the long legal fight against Ripple, a battle that has likely kept investors wary and weighed on the value of XRP’s price.
However, Ripple is still far behind other altcoins due to long corrections. To end the annual correction, XRP price must break the $1 barrier, as well as the formation of an HH and HL uptrend.
VIP Rebate Program Makes DTX Exchange Ready for 100X Pump
In the stock market, investors receive dividends with price appreciation, making it an added benefit. There are no dividends in cryptocurrencies, but the DTX Exchange solves the problem for crypto investors. DTX Exchange has introduced a VIP discount system through which users can create a completely new source of income. With this program, users can earn up to 3% of revenue from platform fees.
Along with a revenue sharing program, DTX also offers staking features that offer an industry-high 29% APY. With these features for its users, DTX Exchange proves its community and growth-oriented approach, which will help it grow further in the future.
Additionally, the DTX platform has been designated as a one-stop-shop for traders due to its advanced features and tools, which increase traders’ profitability. DTX Exchange offers 1,000x leverage for trading with no KYC requirements.
Now at Stage 4 at $0.08, up 300% from its Stage 1 price of $0.02, the DTX token offers a promising 150% gain with a launch target of $0.2. Strong demand continues to fuel this growth, pushing pre-sale profits past $6.8 million.
Learn more:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
