Ethereum (ETH) is gaining momentum against Bitcoin, with analysts predicting a surge toward $4,500 as it solidifies its position as the backbone of the DeFi ecosystem.
Meanwhile, Rexas Finance (RXS), a rising DeFi star, is trending as one of the top altcoins with immense growth potential.
Currently, in its 8th presale stage at $0.1, RXS has already raised over $17.67M and is expected to skyrocket to $20 following its listing on tier 1 exchanges.
Backed by a Certik audit and targeting leadership over Shiba Inu by 2025, RXS is capturing the attention of savvy investors.
Ethereum price prediction
The daily Ethereum price chart shows a clear sell signal that hints at an incoming correction.
This sell signal is in the form of a bearish divergence noted between the price and the Relative Strength Index (RSI).
A bearish divergence is formed when the price produces a higher high while the RSI produces lower highs, denoting a lack of momentum backing up the up-trending price.
The result of this non-conformity is a correction.
Considering that Ethereum’s price currently faces both the declining trend line and horizontal resistance level as a blockade, a short-term correction is likely.
If Bitcoin drops, ETH could follow suit and trigger a 17% crash to $2,886. This key support level is a good place for accumulation before Ether triggers its next leg up.
The following bounce from $2,886 needs to overcome the $3,500 hurdle to climb to $4,000, a key psychological level.
On the other hand, if Bitcoin’s price fails to drop lower and trigger a reversal, then ETH will look stronger than other altcoins.
It could break above $3,500 and preemptively catalyze a run to $4,000. This move will invalidate the short-term correction thesis.
Top trending DeFi altcoin Rexas Finance (RXS) to reach $20
Rexas Finance is the user’s gateway to the future of asset management.
Rexas Finance enables users to own or tokenize digitally any real-world asset, from real estate to commodities, on a worldwide scale.
With Rexas Finance, users can gain a market with endless asset investment opportunities.
Rexas Token Builder: It is normally used to tokenize their real-world assets and commodities. To make it easy for individuals to get digital ownership and offer access to the global market.
Rexas Launchpad: This feature helps the asset owners to raise funds for their tokenized assets, offering liquidity and new investment options for the crypto users.
Rexas Estate: The project’s one of the most exciting features is Rexas Estate which enables crypto users to co-own the real-world assets and earn passive income in stablecoins.
Rexas GenAI & DeFi: It is mainly utilized by artists who can use Rexas GenAI to develop and tokenize digital artworks, while Rexas DeFi allows users to easily swap digital assets across multiple networks.
Rexas Treasury: A multi-chain yield optimizer that enables users to earn compound interest on their crypto deposits, which adds one more layer of financial utility to the project.
Furthermore, Rexas Finance began the presale of the native token RXS on September 8, 2024.
The total supply of RXS tokens is 1 billion. Rexas project has raised over $17.67M until now, with 85% of the eighth presale stage over.
This event is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization.
Rexas Finance’s $1M Giveaway is live, offering a huge chance for early adopters to join the project’s growth.
With a current token price of $0.1 and a projected listing price of $0.20 indicate a good opportunity for investors.
Moreover, Rexas Finance has been listed on CoinMarketCap and CoinGecko.
Furthermore, Rexas Finance (RXS) has the potential to be listed on Top 3 Tier 1 exchanges.
Rexas Finance’s security is validated by a rigorous audit conducted by Certik.
About Rexas Finance (RXS)
Rexas Finance is the user’s gateway to the future of asset management.
Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide.
With Rexas, users gain access to a world where asset liquidity and investment choices are boundless.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
The post Ethereum price prediction: ETH set to rocket toward $4500 as it builds momentum against Bitcoin, top trending DeFi altcoin to reach $20 appeared first on Invezz
