Ethereum (ETH) price forecast: $3,700 resistance looms large

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2 Apr 2024
36

Drawing inferences from the on-chain insights, Ethereum price is on track to enter a parabolic breakout above $4,000 in April 2024. But first IntoTheBlock’s global in/out of the money chart shows the bulls face a formidable short-term resistance at the $3,700.
As depicted below, 9.8 million addresses that acquired 4.7 million ETH will break-even once Ethereum prices approach the $3,676 area. If majority of them opt to exit early, ETH price rally could experience significant downward pressure.
But given the whales $3.1 billion fresh acquisition and the $1.3 billion decline in short-term market supply, ETH price will likely scale that sell-wall and reach for new heights above the $4,000 territory.
Ethereum (ETH) price forecast April 2024 | GIOM data | Source: IntoTheBlock
On the flip side, if the crypto market bull rally runs of steam, Ethereum bears could regain control once ETH price tumbles below $3,200. However, this seems unlikely within the current market dynamics, as analyzed above.
Moreso, the 9.1 million addresses that bought 7.7 million ETH at the average price of $3,484 could make proactive defensive purchases to prevent a major downswing below $3,500.
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Kelexo (KLXO) attracts Chainlink & Stellar advocates

April 1, 2024 at 9:35 am
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The Kelexo presale is attracting Chainlink and Stellar holders, as it aims for a 10x surge this Easter.
Easter is on and crypto investors know what that means: the Bitcoin (BTC) halving is coming ever so closer. 
That’s why everyone’s in a mad scramble to take out early positions in projects that could turn in superior gains in anticipation of the bull market in 2025. Chainlink and Stellar holders are among the scores of investors realigning their portfolios accordingly, with a good number of them rotating them into exciting new DeFi protocol Kelexo.
Kelexo is poised to redefine the future of peer-to-peer lending as we know it. With stage 2 of its presale launch going live, learn why the smart money is betting on DeFi and protocols like Kelexo to turn in at least a 10x this year.
You might also like:
Ethereum’s slight surge ignites Solana whales’ interest in Kelexo

Chainlink sputtering out in 2024

To say that Chainlink has vastly underperformed is an understatement. In the past 30 days, the price of Chainlink has decreased by 2.4%. Contrast that with the performance of Solana within the same time frame, which is up 60%. 
This is in stark contrast to the previous halving in May 2020, where Chainlink rose by 2x from $2 to $4 in the days leading up to it. That’s not the case in 2024 and analysts don’t believe that a similar performance is in the cards this time.

How will Stellar react to a breakout?

Stellar looks like it’s ready to break out of support levels, trading at $0.14 as of press time on March 29. In the past 30 days, Stellar has lit up green candles for 18 days, with technical indicators looking bullish for the established crypto. However, traders need to be forewarned about the discernible lack of volume and the topsy-turvy chart patterns. 
Stellar holders need to receive confirmation before any potential breakout could drive a new price discovery phase.
You might also like:
Kelexo challenges Aave; Ethereum, Cardano, investors join presale

Kelexo aiming for a 10x gain this summer

It should come as no surprise why presale investment opportunities are all the rage these days, with investors trying to avoid getting caught with their pants down when the next bull run arrives.
And in 2024, perhaps no other presale launch has captured the eyes of individuals in the DeFi sector like Kelexo, whose stage 2 presale is going live due to popular demand. As of stage 2, Kelexo tokens will be available at $0.05 per unit, giving prospective investors the earliest, best-discounted price, along with a raft of irresistible incentives.
While lending protocols have been around since the last bull cycle AAVE comes to mind, Kelexo iterates on the concept by creating the first P2P lending marketplace that makes the whole process of crypto lending easier and more intuitive for non-crypto natives. 
That means anyone and everyone can leverage Kelexo to avail of loans and earn interest on them for both borrowers and lenders without the KYC, the excessive fees and the slow processing times.
The total value locked in all DeFi protocols has already broken through $100 billion and the real bull market hasn’t even started yet. 
To learn more about the Kelexo (KLXO) presale visit the website
Drawing inferences from the on-chain insights, Ethereum price is on track to enter a parabolic breakout above $4,000 in April 2024. But first IntoTheBlock’s global in/out of the money chart shows the bulls face a formidable short-term resistance at the $3,700.
As depicted below, 9.8 million addresses that acquired 4.7 million ETH will break-even once Ethereum prices approach the $3,676 area. If majority of them opt to exit early, ETH price rally could experience significant downward pressure.
But given the whales $3.1 billion fresh acquisition and the $1.3 billion decline in short-term market supply, ETH price will likely scale that sell-wall and reach for new heights above the $4,000 territory.
Ethereum (ETH) price forecast April 2024 | GIOM data | Source: IntoTheBlock
On the flip side, if the crypto market bull rally runs of steam, Ethereum bears could regain control once ETH price tumbles below $3,200. However, this seems unlikely within the current market dynamics, as analyzed above.
Moreso, the 9.1 million addresses that bought 7.7 million ETH at the average price of $3,484 could make proactive defensive purchases to prevent a major downswing below $3,500.
You might also like:
Vitalik Buterin calls for ‘higher quality’ meme coins
Follow Us on Google News
READ MORE ABOUT
cryptocurrency
ethereum
price analysis

Kelexo (KLXO) attracts Chainlink & Stellar advocates

April 1, 2024 at 9:35 am
PARTNER CONTENT

Collect the article
share







Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The Kelexo presale is attracting Chainlink and Stellar holders, as it aims for a 10x surge this Easter.
Easter is on and crypto investors know what that means: the Bitcoin (BTC) halving is coming ever so closer. 
That’s why everyone’s in a mad scramble to take out early positions in projects that could turn in superior gains in anticipation of the bull market in 2025. Chainlink and Stellar holders are among the scores of investors realigning their portfolios accordingly, with a good number of them rotating them into exciting new DeFi protocol Kelexo.
Kelexo is poised to redefine the future of peer-to-peer lending as we know it. With stage 2 of its presale launch going live, learn why the smart money is betting on DeFi and protocols like Kelexo to turn in at least a 10x this year.
You might also like:
Ethereum’s slight surge ignites Solana whales’ interest in Kelexo

Chainlink sputtering out in 2024

To say that Chainlink has vastly underperformed is an understatement. In the past 30 days, the price of Chainlink has decreased by 2.4%. Contrast that with the performance of Solana within the same time frame, which is up 60%. 
This is in stark contrast to the previous halving in May 2020, where Chainlink rose by 2x from $2 to $4 in the days leading up to it. That’s not the case in 2024 and analysts don’t believe that a similar performance is in the cards this time.

How will Stellar react to a breakout?

Stellar looks like it’s ready to break out of support levels, trading at $0.14 as of press time on March 29. In the past 30 days, Stellar has lit up green candles for 18 days, with technical indicators looking bullish for the established crypto. However, traders need to be forewarned about the discernible lack of volume and the topsy-turvy chart patterns. 
Stellar holders need to receive confirmation before any potential breakout could drive a new price discovery phase.
You might also like:
Kelexo challenges Aave; Ethereum, Cardano, investors join presale

Kelexo aiming for a 10x gain this summer

It should come as no surprise why presale investment opportunities are all the rage these days, with investors trying to avoid getting caught with their pants down when the next bull run arrives.
And in 2024, perhaps no other presale launch has captured the eyes of individuals in the DeFi sector like Kelexo, whose stage 2 presale is going live due to popular demand. As of stage 2, Kelexo tokens will be available at $0.05 per unit, giving prospective investors the earliest, best-discounted price, along with a raft of irresistible incentives.
While lending protocols have been around since the last bull cycle AAVE comes to mind, Kelexo iterates on the concept by creating the first P2P lending marketplace that makes the whole process of crypto lending easier and more intuitive for non-crypto natives. 
That means anyone and everyone can leverage Kelexo to avail of loans and earn interest on them for both borrowers and lenders without the KYC, the excessive fees and the slow processing times.
The total value locked in all DeFi protocols has already broken through $100 billion and the real bull market hasn’t even started yet. 
To learn more about the Kelexo (KLXO) presale visit the website
Drawing inferences from the on-chain insights, Ethereum price is on track to enter a parabolic breakout above $4,000 in April 2024. But first IntoTheBlock’s global in/out of the money chart shows the bulls face a formidable short-term resistance at the $3,700.
As depicted below, 9.8 million addresses that acquired 4.7 million ETH will break-even once Ethereum prices approach the $3,676 area. If majority of them opt to exit early, ETH price rally could experience significant downward pressure.
But given the whales $3.1 billion fresh acquisition and the $1.3 billion decline in short-term market supply, ETH price will likely scale that sell-wall and reach for new heights above the $4,000 territory.
Ethereum (ETH) price forecast April 2024 | GIOM data | Source: IntoTheBlock
On the flip side, if the crypto market bull rally runs of steam, Ethereum bears could regain control once ETH price tumbles below $3,200. However, this seems unlikely within the current market dynamics, as analyzed above.
Moreso, the 9.1 million addresses that bought 7.7 million ETH at the average price of $3,484 could make proactive defensive purchases to prevent a major downswing below $3,500.
You might also like:
Vitalik Buterin calls for ‘higher quality’ meme coins
Follow Us on Google News
READ MORE ABOUT
cryptocurrency
ethereum
price analysis

Kelexo (KLXO) attracts Chainlink & Stellar advocates

April 1, 2024 at 9:35 am
PARTNER CONTENT

Collect the article
share







Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The Kelexo presale is attracting Chainlink and Stellar holders, as it aims for a 10x surge this Easter.
Easter is on and crypto investors know what that means: the Bitcoin (BTC) halving is coming ever so closer. 
That’s why everyone’s in a mad scramble to take out early positions in projects that could turn in superior gains in anticipation of the bull market in 2025. Chainlink and Stellar holders are among the scores of investors realigning their portfolios accordingly, with a good number of them rotating them into exciting new DeFi protocol Kelexo.
Kelexo is poised to redefine the future of peer-to-peer lending as we know it. With stage 2 of its presale launch going live, learn why the smart money is betting on DeFi and protocols like Kelexo to turn in at least a 10x this year.
You might also like:
Ethereum’s slight surge ignites Solana whales’ interest in Kelexo

Chainlink sputtering out in 2024

To say that Chainlink has vastly underperformed is an understatement. In the past 30 days, the price of Chainlink has decreased by 2.4%. Contrast that with the performance of Solana within the same time frame, which is up 60%. 
This is in stark contrast to the previous halving in May 2020, where Chainlink rose by 2x from $2 to $4 in the days leading up to it. That’s not the case in 2024 and analysts don’t believe that a similar performance is in the cards this time.

How will Stellar react to a breakout?

Stellar looks like it’s ready to break out of support levels, trading at $0.14 as of press time on March 29. In the past 30 days, Stellar has lit up green candles for 18 days, with technical indicators looking bullish for the established crypto. However, traders need to be forewarned about the discernible lack of volume and the topsy-turvy chart patterns. 
Stellar holders need to receive confirmation before any potential breakout could drive a new price discovery phase.
You might also like:
Kelexo challenges Aave; Ethereum, Cardano, investors join presale

Kelexo aiming for a 10x gain this summer

It should come as no surprise why presale investment opportunities are all the rage these days, with investors trying to avoid getting caught with their pants down when the next bull run arrives.
And in 2024, perhaps no other presale launch has captured the eyes of individuals in the DeFi sector like Kelexo, whose stage 2 presale is going live due to popular demand. As of stage 2, Kelexo tokens will be available at $0.05 per unit, giving prospective investors the earliest, best-discounted price, along with a raft of irresistible incentives.
While lending protocols have been around since the last bull cycle AAVE comes to mind, Kelexo iterates on the concept by creating the first P2P lending marketplace that makes the whole process of crypto lending easier and more intuitive for non-crypto natives. 
That means anyone and everyone can leverage Kelexo to avail of loans and earn interest on them for both borrowers and lenders without the KYC, the excessive fees and the slow processing times.
The total value locked in all DeFi protocols has already broken through $100 billion and the real bull market hasn’t even started yet. 
To learn more about the Kelexo (KLXO) presale visit the website
Drawing inferences from the on-chain insights, Ethereum price is on track to enter a parabolic breakout above $4,000 in April 2024. But first IntoTheBlock’s global in/out of the money chart shows the bulls face a formidable short-term resistance at the $3,700.
As depicted below, 9.8 million addresses that acquired 4.7 million ETH will break-even once Ethereum prices approach the $3,676 area. If majority of them opt to exit early, ETH price rally could experience significant downward pressure.
But given the whales $3.1 billion fresh acquisition and the $1.3 billion decline in short-term market supply, ETH price will likely scale that sell-wall and reach for new heights above the $4,000 territory.
Ethereum (ETH) price forecast April 2024 | GIOM data | Source: IntoTheBlock
On the flip side, if the crypto market bull rally runs of steam, Ethereum bears could regain control once ETH price tumbles below $3,200. However, this seems unlikely within the current market dynamics, as analyzed above.
Moreso, the 9.1 million addresses that bought 7.7 million ETH at the average price of $3,484 could make proactive defensive purchases to prevent a major downswing below $3,500.
You might also like:
Vitalik Buterin calls for ‘higher quality’ meme coins
Follow Us on Google News
READ MORE ABOUT
cryptocurrency
ethereum
price analysis

Kelexo (KLXO) attracts Chainlink & Stellar advocates

April 1, 2024 at 9:35 am
PARTNER CONTENT

Collect the article
share







Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The Kelexo presale is attracting Chainlink and Stellar holders, as it aims for a 10x surge this Easter.
Easter is on and crypto investors know what that means: the Bitcoin (BTC) halving is coming ever so closer. 
That’s why everyone’s in a mad scramble to take out early positions in projects that could turn in superior gains in anticipation of the bull market in 2025. Chainlink and Stellar holders are among the scores of investors realigning their portfolios accordingly, with a good number of them rotating them into exciting new DeFi protocol Kelexo.
Kelexo is poised to redefine the future of peer-to-peer lending as we know it. With stage 2 of its presale launch going live, learn why the smart money is betting on DeFi and protocols like Kelexo to turn in at least a 10x this year.
You might also like:
Ethereum’s slight surge ignites Solana whales’ interest in Kelexo

Chainlink sputtering out in 2024

To say that Chainlink has vastly underperformed is an understatement. In the past 30 days, the price of Chainlink has decreased by 2.4%. Contrast that with the performance of Solana within the same time frame, which is up 60%. 
This is in stark contrast to the previous halving in May 2020, where Chainlink rose by 2x from $2 to $4 in the days leading up to it. That’s not the case in 2024 and analysts don’t believe that a similar performance is in the cards this time.

How will Stellar react to a breakout?

Stellar looks like it’s ready to break out of support levels, trading at $0.14 as of press time on March 29. In the past 30 days, Stellar has lit up green candles for 18 days, with technical indicators looking bullish for the established crypto. However, traders need to be forewarned about the discernible lack of volume and the topsy-turvy chart patterns. 
Stellar holders need to receive confirmation before any potential breakout could drive a new price discovery phase.
You might also like:
Kelexo challenges Aave; Ethereum, Cardano, investors join presale

Kelexo aiming for a 10x gain this summer

It should come as no surprise why presale investment opportunities are all the rage these days, with investors trying to avoid getting caught with their pants down when the next bull run arrives.
And in 2024, perhaps no other presale launch has captured the eyes of individuals in the DeFi sector like Kelexo, whose stage 2 presale is going live due to popular demand. As of stage 2, Kelexo tokens will be available at $0.05 per unit, giving prospective investors the earliest, best-discounted price, along with a raft of irresistible incentives.
While lending protocols have been around since the last bull cycle AAVE comes to mind, Kelexo iterates on the concept by creating the first P2P lending marketplace that makes the whole process of crypto lending easier and more intuitive for non-crypto natives. 
That means anyone and everyone can leverage Kelexo to avail of loans and earn interest on them for both borrowers and lenders without the KYC, the excessive fees and the slow processing times.
The total value locked in all DeFi protocols has already broken through $100 billion and the real bull market hasn’t even started yet. 
To learn more about the Kelexo (KLXO) presale visit the website

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