Ethereum has begun its recovery with a 3% gain in the past day after a week-long sharp fall from $4,700, leaving traders nervous. But the correction hasn’t shaken confidence. Whales are buying the dip and positioning for the next breakout. Here is why $5,000 might still be in play this cycle.
Ethereum Price Eyes $5,000 After Recent Dips
The impressive Ethereum price rally in August stalled at a familiar resistance: the $4,700 realized-price level. Historically, this band has triggered profit-taking during overheated conditions. Even so, ETH still holds above $4,200, with a 3% rise in 24 hours.
Ethereum Price Chart | Source: CoinGecko
The pullback from $4,700 initially looked scary, but on-chain data tells a different story. Glassnode reports that buyers stepped in strongly around $4,400, treating the correction as an entry point rather than a warning sign.
That wave of demand stabilized the market and showed conviction from both retail and institutional players. Traders are watching $4,500 as the next key pivot. A move back over it could set the stage for $5,000 sooner than many expect.
For dip buyers, the current range is less about fear and more about opportunity. However, savvy investors are also rotating to an early-stage ETH token projected to be the next 100x breakout: Remittix (RTX).
How Remittix Is Winning Attention
While the Ethereum price story plays out, Remittix (RTX) has been writing its bullish script. The PayFi project has already raised $20.5 million+ in presale, selling over 611 million tokens, and just secured a confirmed listing on BitMart. That’s a massive milestone for a project still in presale.
The appeal is simple: Remittix lets you send 40+ cryptocurrencies and convert them directly to fiat in 30+ countries. Recipients don’t touch crypto; they just get funds in their bank, like a standard transfer. No hidden fees. No volatility headaches.
What’s more? The Q3 Wallet Beta is about to launch, giving users real-time FX, quick settlements, and seamless payouts. Businesses and freelancers can tap into the Remittix Pay API, accepting crypto but settling in fiat instantly. For a market chasing real-world adoption, that’s a killer use case.
Investors aren’t ignoring the buzz either. The $250,000 Remittix Giveaway pulls in thousands of participants and drives community traction. With the BitMart listing ahead, analysts say RTX could be among the fastest-moving tokens once trading begins.
ETH or RTX: Which as More Upside?
Ethereum remains the second-largest crypto for a reason. Its network is unmatched in scale, and if the Ethereum price can push through $4,700 resistance, $5,000 is back on the table. For investors seeking stability, ETH continues to be a long-term anchor.
Remittix, however, is in a different stage. With exchange listings confirmed, a wallet launch around the corner, and presale momentum over $20.5 million, it’s positioned for exponential upside. Ethereum doubling would be huge. RTX doing a 50x–100x before 2026? That’s the kind of asymmetric bet traders are chasing.
Smart portfolios may hold both: ETH for strength and RTX for torque. But one thing is clear: if you’re scanning the market for growth stories, Remittix belongs on that list now.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
