Ethereum price just hit a rough patch with over $78 million vanished from its ETFs in a single day this month, dragging its price under $2,400 for the first time since June. While traders debate whether this signals deeper trouble, some are pivoting to alternatives like the surging DTX Exchange and stalwarts like Chainlink. Could these projects offer a lifeline in an increasingly shaky market?
DTX Climbs to $0.18 – Listing Price Set to $0.36
While the Ethereum price is moving, DTX Exchange’s presale is turning heads. Its token skyrocketed 800% to $0.18, fueled by 700,000 holders betting on its hybrid trading model. With access to stocks, crypto, and ETFs all on one blockchain-powered platform, it’s no wonder the project hauled in $15.1 million ahead of its Q2 launch. Early buyers will double their money when DTX Exchange lists at $0.36.
What’s the buzz here? DTX merges decentralized transparency with TradFi perks like 1000x leverage—a combo even veteran platforms lack. Crypto influencer JakeGCR compared its presale energy to “Ethereum’s 2016 crowd sale vibes.” And with 200,000 transactions per second? It’s built for the algo-trading crowd tired of network clogs.
As Ethereum battles headwinds, DTX Exchange’s capped supply of 475 million tokens adds scarcity appeal. For investors hunting the next big leap, this might be the ticket.
Ethereum Price Drops Below $2,400 as Market Cap Shrinks – What’s Next?
The slump of the Ethereum price isn’t subtle. The token nosedived 11% this week, erasing $289 billion from its market cap as ETF withdrawals accelerated sell-offs. At the moment, the price is nearing $2,425. Analysts point to shaky institutional confidence and traders cashing out after months of stagnant prices. “The $78 million ETF exodus created a domino effect,” noted a derivatives trader. “Until macro trends reverse, ETH faces uphill battles.”
Source: Ethereum Price, Weekly Chart, CoinMarketCap
But history offers hope, Ethereum price has bounced back repeatedly after testing support zones like $2,300—a level it’s flirting with now. Retail traders aren’t backing down either, with on-chain activity spiking despite whale exits. “DeFi and NFT ecosystems still anchor ETH’s value,” tweeted crypto analyst LindaPeng. “Long-term holders know this isn’t 2018.” Still, upgrades like Dencun face delays, and layer-2 rivals like Arbitrum are eating into its dominance.
Bitcoin’s parallel 4% dip confirms this isn’t just an Ethereum problem. Yet ETH’s struggles feel unique. Unlike BTC, its roadmap hinges on tech upgrades that keep getting postponed. If $2,300 cracks, analysts warn we might see a grind toward $2,000 before bulls regroup.
Chainlink’s LINK Slips 5% – Can It Recover from the Downturn?
Chainlink’s LINK isn’t faring much better. The token plunged 10% in 24 hours to $14.75, down 41% monthly. But LINK’s real strength lies off the charts—its oracles secure $35 billion in assets, and its Cross-Chain Protocol is becoming the go-to for tokenizing real-world assets like property.
Source: Chainlink Price, Weekly Chart, CoinMarketCap
Yet technicals paint a bleak picture. LINK broke below its 200-day average, and exchange reserves keep thinning. “It’s stuck in crypto’s gravity well,” said trader MarkJefferies. “Until ETF approvals or RWA adoption spikes, it’ll mirror Bitcoin’s moves.”
Meanwhile, DTX’s presale success highlights a shift. While LINK fights to reclaim $20, DTX offers a fresh entry under $0.18—a play some see as less tied to market mood swings.
The Bottom Line
The Ethereum price $2,400 breakdown and Chainlink’s shaky charts reveal a market at a crossroads. While both have solid fundamentals, DTX Exchange’s presale run—and its promise to bridge crypto and traditional markets—could steal the spotlight.
As Ethereum continues to control its technical challenges and the broader market sentiment remains unpredictable, keeping a close eye on DTX’s developments could prove to be a savvy move for investors looking to stay ahead of the curve in a rapidly shifting landscape. For those looking to stay ahead, keeping an eye on DTX’s developments might just be the move.
