ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone

The post ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone appeared first on Coinpedia Fintech News

Ethereum’s price faces a crucial resistance zone between $3,380 and $3,427. The token has broken out of a falling channel that started in mid-March. This shift in market sentiment can be attributed to its high demand, as seen in its future open interest across all crypto exchanges, which has surged to a new all-time high of $20 billion.

Meanwhile, the Lunex Network presale continues to pick up steam and hype after the price increase to $0.0031. This marks a 158% leap from its initial offering of $0.0012. Additionally, the project has already raised over $3 million as investors continue to be bullish about this fast-selling presale gem.

Lunex Network DeFi Platform Fits Experienced and New Traders

Lunex Network has been set to redefine the DeFi space. It is designed with a focus on flexibility, privacy, and rewards. The project is perfect for both experienced and new traders. Traders can use different features and tools to enjoy a better trading experience. It has also eliminated the KYC policy feature.

This means the Lunex Network onboarding process is smooth and requires no personal information input, making the platform perfect for investors who prefer privacy. It allows traders to start managing and trading assets without latency, keeping their transactions private.

Lunex Network also features an impressive cross-chain capability, where users can swap over 50K assets across different blockchains. These attributes have already led to the project record of over $2.95M in presale revenue as the LNEX price hits the $0.0031 target.

Ethereum Price Analysis: Can ETH Reach $4K In Q4

Following an upswing of more than 35% in the last three weeks, the price of Ethereum has broken out of a falling channel that existed since mid-March. The recent bullish momentum is due to bullish market trends. The top altcoin remains a favorite among institutional investors seeking to tokenize real-world assets because of its vibrant developments and tested security.

According to Cryptoquant data, Ethereum’s futures open interest across all crypto exchanges has breached the $20 billion mark, a new all-time high. However, ETH’s bullish momentum is lagging compared to Bitcoin in recent months. As ETH investors continue to make huge profits from early bets, a shift in sentiment could be brewing as its technical indicators highlight a major rebound in the near term.

If Ethereum’s price closes this week above the $3400 mark, the token has a great chance of ending November with a highly bullish outlook. In this case, the price of Ethereum could be well positioned to rally towards the $4K level. This could set the stage for more rallies, potentially recording a new high in early 2025.

Will LNEX Hit the $0.1 Price Target?

As Ethereum continues to record an impressive uptrend, Lunex Network has also seen remarkable price movements with over 158% surge. This will also change in the coming weeks as this presale gem targets the $0.1 mark.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

Website: Lunex Network

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