Ethereum price has recently dropped over 10% in the past week as it fell below the $4,000 level, forcing traders to move their minds with the market’s direction. Despite the setback, on-chain data confirms that Ethereum whales have been aggressively adding up large amounts of ETH in this dip.
At the same time, a new cryptocurrency named Mutuum Finance (MUTM) is surge in its presale, as investors with an eye on the innovative DeFi projects. Together, these developments are spurring debates on what crypto to buy now and how both assets could influence market moves soon.
Ethereum Price Action and Whale Activity
Ethereum has been slipping throughout September, a period historically known for weakness in crypto prices. In the past two weeks, ETH has lost around 20%, pushing the Relative Strength Index (RSI) into oversold territory not seen since April. The last time ETH reached these levels, the coin rallied over 130% in just two months, so many analysts now see a possible rebound ahead.
Moreover, Ethereum has been holding support between $3,800 and $3,900, levels that market watchers view as critical. If this base remains intact, ETH could attempt a run toward the $7,000 to $8,000 zone in the coming quarters. Conversely, a breakdown under $3,600 could expose the coin to deeper losses, with some models placing potential support near $2,750.
Adding to the intrigue, whales have purchased 431,018 ETH worth about $1.73 billion over the past three days. This accumulation, spread across 16 wallets from platforms such as Kraken and Galaxy Digital, indicates confidence from large players even as retail sentiment remains cautious.
Consequently, many investors are asking whether ETH, at current crypto prices, represents one of the best cryptos to buy now for long-term gains.
Mutuum Finance Presale Gains Momentum
In contrast to Ethereum’s volatile trading, Mutuum Finance (MUTM) is continuing to advance through its presale stages at a brisk pace. The offering is currently in Phase 6 of 11, with more than 55% of this tranche already sold.
At today’s price of $0.035, buyers have already seen a 250% increase compared to the opening phase, which began at $0.01. Since the presale started, Mutuum Finance has raised $16,600,000 and onboarded 16,670 holders, signaling significant interest from the market.
Phase 6 is filling quickly, and once it closes, Phase 7 will open at $0.04, marking a 14.3% jump. The final listing price is set at $0.06, meaning current participants stand to secure roughly 371% returns once trading begins. Such tokenomics are drawing investors who are weighing which crypto to invest in as established coins consolidate.
Inside Mutuum Finance Utility
The protocol enforces overcollateralization, liquidation safeguards, and borrowing caps to maintain solvency during periods of volatility. It also introduces features like Enhanced Collateral Efficiency, allowing higher borrowing limits when closely correlated assets, such as stablecoins, are involved. These risk frameworks are designed to preserve liquidity while giving users flexibility in managing their capital.
Additional credibility comes from Mutuum Finance’s recently finalized CertiK audit, which produced a token score of 90/100, highlighting a strong security position. To reinforce transparency, the team launched a $50,000 Bug Bounty Program with four severity-based reward tiers. A public dashboard now tracks the top 50 token holders, who are eligible for bonus rewards if they maintain their positions.
To further engage its community, Mutuum Finance has also announced a $100,000 giveaway, with ten winners each receiving $10,000 in MUTM. Eligibility requires a minimum presale purchase of $50, ensuring both participation and investment alignment.
Why Investors Are Paying Attention
Ethereum’s price correction and heavy whale accumulation are reminding traders how quickly sentiment can shift in crypto investing. At the same time, Mutuum Finance offers a different approach by delivering utility-focused design, strong presale traction, and transparent safeguards. Together, these signals are reshaping views on what is the best cryptocurrency to invest in during a period marked by fluctuating crypto charts and uncertainty about why crypto is down today.
Investors tracking crypto news today are balancing short-term volatility in ETH with long-term opportunities in projects like Mutuum Finance. As ETH whales continue buying and MUTM’s presale moves closer to launch, both assets are standing out as potential plays for those deciding which crypto to buy today for long-term growth.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
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