This historic bull cycle has produced many winners. Ethereum (ETH) was one of the coins that benefited greatly. This bull momentum translated positively in projects that use the Ethereum protocol, such as DTX Exchange and Shiba Inu. Many analysts point to the $3600 resistance as crucial for all altcoins to experience massive rallies.
Ethereum (ETH): Strong Movement Approaching Key Resistance
The leading crypto altcoin, Ethereum (ETH), has garnered a reputation that precedes it. Ethereum’s robust network enables dApps, smart contracts, and proof-of-stake (PoS) protocols that have been very reliable through the years. Ethereum’s fast transaction speeds are well known, but some claim that the fees on the ETH network are too high.
As this bull run slows down, many investors wonder when altcoins will have their time of day. Currently trading at $3070, the ETH price saw a 15% increase over the last month. Briefly trading above $3400, Ethereum suffered from large sell-offs. Analysts speculate that ETH would face considerable selling pressure around $3500, pointing it as a critical test zone for Ethereum’s altcoin setting price tag of $3600.
Shiba Inu (SHIB): Ready for a 440% Surge
Shiba Inu (SHIB) is still a fan favorite of speculative investors looking to dip their toes in uncharted territory. SHIB Inu got famous for its mematic appeal and transformed into a rapidly growing ecosystem with the likes of Shibarium and Shiba Swap. Tipped to be an altcoin leader in the next alt season, Shiba Inu has a strong community backing it and rolls out new developments frequently.
Currently trading at $0.000024, SHIB saw a price increase of over 30% in the last bull cycle. But the past week was rough for Shiba Inu, decreasing 6% and facing similar selling pressure like Ethereum. Down over four times from its all time high (ATH), Shiba Inu has demonstrated that such rallies are possible. A $3600 price tag for Ethereum could see SHIB rallying 440%, similar to its glory days.
DTX Exchange: The Future of Hybrid Trading
DTX Exchange is a hybrid trading exchange combining the best of both centralized and decentralized platforms. DTX Exchange’s proprietary hybrid Layer-1 blockchain bridges TradFi and DeFi, delivering unmatched security and speed along with scalability without compromising user control. Users also enjoy wallet trading, non-custodial storage, and access to advanced trading features like copy trading and analytics, all under DTX’s smooth user interface. These tools enable retail traders to maximize their earnings potential, giving them institutional-grade tech that could turn them into the next whale.
Raising more than $8.3 million in it’s presale, DTX Exchange offers its tokens to be purchased at an attractive price of $0.10. Being in the fifth presale stage, over 40% of DTX tokens have been sold out already.
As the alt season approaches, time is running out. Lock in your gains by investing in the DTX Exchange. For a limited time only, DTX offers to match your deposit by 100% if you use the promo code:
Learn More about DTX Exchange:
