On Monday, Ethereum (ETH) attempted a rally for $3,000 but could not sustain it and fell below $2,800 support. This prolonged bearish pressure on the Ethereum price has made investors anxious, with some seeking a potential alternative that can easily recover losses. One standout project ETH whales are focusing on is the new trending altcoin called DTX Exchange (DTX). These whales predict that DTX could be among the top 20 altcoins in 2025. Therefore, investors and traders are massively interested, grabbing slots rapidly as the DTX presale is about to end. The presale's tremendous success indicates that this project has the potential to experience extraordinary growth in the cryptocurrency market. Ethereum Price Consolidation Extends As it Fails Breakout Ethereum (ETH) has faced continuous selling pressure over the past two months and is struggling to regain bullish momentum. Macroeconomic uncertainty and broader market weakness have impacted investor sentiment, and Ethereum price action reflects the same. From the peak of December, the Ethereum price has dropped approximately 35% and is currently trading at $2,665. Courtesy: TradingView After the sharp drop in early February, the Ethereum price reached a low of $2,160. After recovering to $2,800, it has been moving sideways between $2,570 and $2,800. On Monday, ETH faced rejection at the $2,850 resistance level, which coincided with the 20-period moving average. Daily timeframe analysis shows that the Ethereum price could reach a new high if it breaks the range. One factor dragging down the Ethereum price is the weak performance of its ETFs. Ethereum ETFs saw a net outflow of 1,151 ETH, amounting to a loss of $3.21 million. Grayscale's ETHE was the biggest contributor, with an outflow of 1,510 ETH ($4.22 million), bringing its total holdings down to 1,303,257 ETH. At press time, the Ethereum price is trading at $2,660, with little movement in the last 24 hours. The market capitalization is $321 billion, and the 24-hour trading volume is $25 billion. DTX Exchange Surges Amid Market Chaos While Ethereum price is struggling to regain previous levels, the demand in the DTX Exchange is continuously increasing. After commencing the 8th round successfully, the DTX presale has entered the bonus round, and over 375 million tokens have been sold. Experts believe this success signals the project’s potential to become the next big thing in the crypto market. The platform has been hailed as a one-stop solution for traders, meeting the needs of both beginners and experienced traders. It is the first crypto-native platform to offer 120,000+ assets in a single platform. Users can access currency pairs, forex, stocks, CFDs and ETFs, and a wide range of digital assets like crypto and NFTs. This approach helps traders manage multiple assets and eliminates the need for multiple platforms. Other notable features of the platform include 1,000x leverage, distributed liquidity pools, a non-custodial wallet, advanced chain analytics, and algorithmic and copy trading. All these facilities in one place provide traders with higher efficiency and speed. SolidProof has conducted a strict KYC check on DTX Exchange to ensure its safety. Additionally, to increase financial inclusion, DTX adopts a no-KYC policy that allows users from any background or region to join. Moreover, as an emerging player, it has plenty of room to run, making the current price of $0.18 in the bonus round a highly undervalued price. According to the expert projection of $12, DTX could increase by 6,566% from the current level. $100 invested could become $6,666 after the token lists on Binance. Due to the last round, tokens are selling out rapidly, and investors interested must act now to grab slots. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
