Following the broader market consolidation momentum, the Ethereum price broke below a key support zone at $3,540 yesterday with a voluminous candlestick.
Although Ethereum’s price has recovered, holding at $3,500, some analysts still believe it’s bearish, and investors are starting to get drawn to this new trending project, Remittix (RTX), which has delivered over 400% gains to early buyers.
Why are investors betting on this new trending altcoin? What potentials are they seeing? Let’s walk through.
Ethereum Price Outlook: Holding $3,500 Amid Market Consolidation
Ethereum price breaking below the $3,500 zone suggests a strong incoming decline. It’s found support around $3345-$3275, confirming a short-term weakness in price structure.
All eyes are on the $3500 zone. If ETH finds support there, we could see a solid bounce or a full trend reversal. But if this zone fails, deeper correction may follow.
This drop comes after Ethereum’s price rallied almost 25% in July. ETH crossed the $3,500 resistance for the first time in months, aiming for $4,000. Institutional inflows, especially ETH ETFs, played a leading role, with over $5.41 billion in inflows in July alone.
Despite the drop in Ethereum price, Ali_chart revealed a few hours ago that over 1 million Ethereum $ETH have been withdrawn from exchanges in the past two weeks. Such news means renewed investors’ interest.
While we wait for confirmation of a bull or bear in ETH, the smart money is already investing in this trending altcoin, RTX.
Why Remittix (RTX) Offers More Potential
Despite ETH’s strength, its market cap size limits its explosive potential compared to newer utility tokens like Remittix (RTX).
Remittix is a cross-border crypto-to-fiat payment solution. It enables users to send cryptocurrencies (40+ across different blockchains) deposited directly into recipients’ bank accounts in 30+ countries.
It offers practical, real-life utility in solving a $19 trillion global payment problem. Transactions are fast, secure, and seamless, with zero charges, no KYC headaches, and no FX conversion problems.
Remittix Highlights:
- RTX is utility-driven, built for adoption, and powers real transaction volume.
- Smart contract is audited by CertiK; liquidity and team tokens are locked for three years.
- Remittix is built for adoption, not speculations or vaporware
- Deflationary tokenomics are designed for long-term growth and sustainability.
- Remittix has a mass-market target beyond just the crypto crowd. It’s Ideal for freelancers, remitters, and global earners
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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