Bulls have shown increased momentum this week as they push the Ethereum price above the $2,000 mark. They are currently fighting to maintain the level despite the volatility in the market. Meanwhile, Dogecoin investors are now investing in a new DeFi platform known as DTX Exchange (DTX).
As a new-generation hybrid trading platform with over 700k users, DTX seeks to revolutionize the trading space. It is currently in the cryptocurrency ICO phase and has soared by 800%. The price of DTX is expected to rise by 10x in the months ahead.
Ethereum (ETH) Bulls Seek To Turn $2K Into Support
The Ethereum price is currently trading above the $2,000 level after a little upsurge on March 19. Data from CoinMarketCap reveals the Ethereum price has risen by 7.1% on the weekly timeframe. Meanwhile, Ali Martinez notes the Ethereum price must conquer the resistance at $2.4k for a bullish flip to occur.
Another analyst called Marzell also reacted to the Ethereum price breakout. Telling his followers the altcoin has broken out, he forecasts the Ethereum price might surge to $2.8k in the coming weeks. Drawing parallels between the Ethereum price chart of 2020 and that of 2025, MerlijnTrader notes the altcoin is about to shock the world.
He forecasts the Ethereum price might mirror the same pattern and soar to $7k. Despite the latest uptick, the coin’s relative strength index is below average. While it could mean that bears have not given up, it gives the Ethereum price enough room for a massive uptrend.
Dogecoin (DOGE) Under Mixed Sentiment
The Dogecoin price is showing mixed sentiment on the charts as bulls and bears battle for control. While the Dogecoin price has soared by 3.5% on the weekly timeframe, its value has plunged by 29.9% on the monthly chart. CoinMarketCap data reveals the Dogecoin price has been consolidating between $0.25 and $0.15.
Meanwhile, analysts have posted bullish forecasts for the Dogecoin price. Trader Tardigrade notes the Dogecoin price has broken out of a symmetrical triangle in the 4-hour chart. The analyst predicts the Dogecoin price might soar to $0.19.
Another expert, Rose Premium Signals posted three potential Dogecoin price targets in the case of an uptrend. They include $0.38, $0.48, and $0.60. Meanwhile, technical analysis shows that selling pressure is still high. The Fear and Greed Index displays Fear which means that investors are not optimistic. Also, the relative strength index is below the 50 mark, a sign that bears are in control.
DTX Exchange (DTX) Gains Massive Interest From Investors
While the Ethereum price gains momentum, DTX Exchange (DTX) has piqued the interest of investors. DTX Exchange is a revolutionary trade platform that combines TradFi and DeFi where users can trade more than 120,000 products such as cryptos, stocks, forex, and ETFs. Meanwhile, DTX Exchange is built on a Layer-1 blockchain, VulcanX, which has shown high performance of up to 200,000 TPS.
This high-performance infrastructure also helps in fast and secure transactions, which in turn increases the confidence of the users and the reliability of the platform. It also provides the Phoenix Wallet, a decentralized asset management service that has been built to meet institutional standards of security, so that the users can retain full control over their funds and do not have to rely on third-party service providers.
The DTX token that is at the center of the platform has also attracted a lot of attention from investors. DTX Exchange is in the presale phase and is trading at $0.18. It has gathered more than $16.1 million in funding, which indicates the high interest of the community in the project.
The Best Altcoins To Watch
While the Ethereum price remains stable above $2k, Dogecoin holders are showing interest in a new DeFi coin called DTX Exchange. The price of this new entrant could rise by 10x this year as adoption rises. With the upcoming crypto bull ahead, investors who are looking for the best coins to invest in could turn to low-cap tokens like DTX.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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