A top crypto analyst, CryptooELITES, has posted a bullish Ethereum price prediction. They forecast the Ethereum price might rally to $8k in the long term. However, while ETH rises, another DeFi competitor is emerging. DTX Exchange (DTX) is a new-generation trading platform that is gradually gaining popularity, and investors consider it a worthy rival to Ripple.
DTX allows traders to trade both cryptocurrencies and traditional assets like forex, commodities, metals, and ETFs. Currently, in the crypto ICO phase, the value of DTX has risen by 800% and could surge by 10x in the coming months.
Analyst Forecasts Ethereum (ETH) To Reach $8k
The Ethereum price has dropped to the $1,780 level this week as selling pressure continues to rise. Data from CoinMarketCap indicates the Ethereum price has plummeted by 14.4% and 29.3% on the weekly and monthly timeframes. Going forward, Ali Martinez notes the Ethereum price faces a strong resistance around $2,250-$2,610.
Crossing this level is crucial for the Ethereum price as it could determine its trajectory in the coming weeks. CryptooELITES told his followers that an altcoin season is on the way. The analyst predicts the Ethereum price might soar to $8k in the coming weeks based on a historical trend.
CryptooELITES argued that the 2025 Ethereum price chart is similar to that of 2017. Another analyst called Crypto Rover reiterated the same Ethereum price prediction. The expert argued that investors should not be fazed by the current bear season as it would soon pass. In the meantime, the cryptocurrency community is monitoring the charts for signs of an uptrend.
Ripple (XRP) Price Continues Sideways Movement
With losses of 9.8% and 11.6% on the weekly and monthly timeframes, the Ripple price continues to trade sideways. The Ripple price has been on a downtrend in the past few days after the effects of the US Crypto Reserve announcement faded from the market. According to data from CoinMarketCap, the Ripple price dropped to $1.90 recently before bulls intervened.
Looking ahead, RandomCryptoPal predicts the Ripple price might surge to $9 in the coming months. A trader known as Trader Edge forecasts the Ripple price might surge to $2.60 in the next few days if it remains above the $2.00-$1.90 support trendline.
If the Ripple price drops below this level, the trader believes the $1.60 level could act as a strong support. Based on technical analysis, the Hull Moving Average (9) and VWMA (10) indicators flash sell signs which means that bears are in charge. So, the Ripple price might fall to more lows in the coming days.
DTX Exchange (DTX) Raises Almost $16M In Funding
Although the Ethereum price is predicted to soar to $8k, the altcoin’s current movement has prompted investors to seek alternatives like DTX Exchange (DTX). Presently in the presale phase, the DeFi project has raised over $15.9 million in funding. Its price will soar by 2x and be launched at $0.36. The DTX token is already listed on data tracking platforms such as CoinMarketCap and CoinGecko.
DTX Exchange can be described as a trading platform that combines centralized and decentralized financial systems. It provides its users with an opportunity to trade more than 120,000 asset classes including cryptocurrencies, forex, stocks, and ETFs. For instance, DTX Exchange is one of the first platforms that offer tokenized ETF trading services to users from over 80 countries.
DTX has other features such as 1000x leverage trading options and the Phoenix Wallet, which is a custody solution that is built for institutional-level security. With a decentralized Phoenix Wallet and multi-asset trading option, the DTX Exchange is expected to see massive adoption in the coming months.
Why DTX Exchange is a Good Crypto To Buy
While the Ethereum price is expected to expand, investors are doubling down on new altcoins like DTX Exchange. Its hybrid features and link to the forex market with a daily volume of $6.6 trillion could increase its adoption and price in the long run. Such potential positions it as a top crypto to buy.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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