Ethereum has continued to struggle over the last few days since the year began as it attempts to return to its previous bull run. But a new pressure is now on the ETH price to return to $4,000 from the current bear zone that has it trapped below $3,000.
Although the staking figure from investors has taken a strong move over the last few months, hitting billions in investment, this action has shown little effort at pushing the price up. Eyes are now on the $3,250 resistance for a serious breakout that could see it test the $4,000 range. But there is an alternative gaining fast attention as one to beat this year. Here is a look at the two scenarios.
The Current State of the Ethereum Price And Future Projection
Ethereum has seen significant institutional money flow in the last few months since its ETF went live, already surpassing Bitcoin in inflows. However, this big-money play has had little effect on ETH’s price, which hit a high of around $4,900 last August. The technical indicator for ETH continues to signal mixed signals, as some analysts project the “buy the dip” narrative, while others see more lows ahead.
The sharp rise in staked ETH is now a major driver of confidence in the long-term bull potential of the Eth coin, with over 30% of the total supply now staked. Top analysts highlight this progress as having a long-term effect rather than an immediate impact on the price. In the short-term, the Ethereum price is projected to rise to $3,600 before the end of this year and to a bearish low around $2,200. However, fundamental factors and a change in market sentiment could see the coin hit $4,200 before December.
Why Top Investors Are Eyeing Remittix as an ETH Alternative
The Remittix sentiment is hitting a new high lately as the coin continues to make giant strides with early accumulation. This includes progress that has brought it close to its hard cap in the IPO, with 700 of its 750 million tokens issued.
Remittix’s proposition has been a major factor in turning it into an instant favourite in the market, as it moves to connect crypto payments to local banks across over 30 countries. The crypto-to-fiat solution is now in its final phase of going public, with the project setting February 9 as the full-feature launch date to power a new revolution in crypto payments.
While the Ethereum price is growing slowly even amid high institutional buying, every inflow is turning the Remittix token into a profit machine. Investing in the Remittix token is now the best decision for top investors this year, as it continues to show high ROI potential with every milestone.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Conclusion
The ETH price, which has moved to $4,000 this year, faces several resistance points, with a top fundamental issue being the market cap as more of the token is moved to staking. However, while Ethereum staking and institutional buying have little impact on the price right now, analysts believe they could have a significant impact on the coin’s future price. But while Ethereum floats on a short-term move between $2,600 and $3,200, Remittix is showing a strong upward drive, as its proposition sets it up to keep it high, especially now that it is near a full breakout.
FAQ
1. When is the closest time to expect an ETH price move to $4,000?
Analysts’ projections and current technical analysis do not indicate a clear likelihood that the Ethereum price will hit the $4,000 zone soon. Meanwhile, the rise in Ethereum staking is laying a solid foundation for future price stability, which could drive a move to $4,000 before December.
2. How does Remittix compare to Ethereum?
The high market confidence in the Ethereum coin is already evident in the Remittix project, which continues to rise amid early accumulation. However, the Remittix price growth so far this year has greatly exceeded the ETH price, with the Remittix price now projected to see around 300% before February ends, following its Payfi launch.
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