Ethereum has recorded several positive price movements over the last 30 days. Since Ethereum’s whale accumulation also suggests strong investor confidence, market experts believe Ethereum could rally past the $4000 level within the next few weeks.
Meanwhile, Ethereum based altcoin Lunex Network is also gaining traction after the token recorded a massive 200% rally. If this uptrend continues until the end of Q4, analysts are projecting an even bigger 2000% rally for LNEX soon.
Ethereum (ETH) Experiences Massive Whale Accumulation During Ongoing Rally
Ethereum whales have purchased $1.4 billion worth of ETH tokens within the last two weeks. With new investors holding long positions on the token there seems to be an extremely bullish market sentiment around Ethereum.
Ethereum’s price has already shown significant resilience as the token broke above the $3000 and $3400 levels within the last few weeks. However, Ethereum’s price currently faces a minor consolidation with a 2.92% decline over the last 24 hours. Ethereum is currently trading for $3,631 with its trading volume up by 63.56%.
Despite this minor dip Ethereum’s on-chain metrics suggest strong bullish momentum. If Ethereum can maintain its position above the $3000 support it could target the closest resistance at $4,178.62. If Ethereum breaks above the $4000 milestone, market experts are projecting a massive rally towards the next price target at $4,652.23.
Lunex Network (LNEX) Emerges as New Ethereum Killer After 200% Rally
As Ethereum continues to rally, other Ethereum-based tokens like Lunex Network are also gaining traction during Q4’s altseason. Lunex Network’s new DeFi exchange is already revolutionizing the entire DEXs and CEXs market with its interconnected noncustodial ecosystem. By bridging the gap between isolated networks, Lunex Network offers seamless cross chain trading to users.
On Lunex Network, users can sign up with no KYC checks and maintain their anonymity while trading. Since Lunex Network also encrypts all financial data on Ethereum’s immutable blockchain, traders can rest assured that their funds are always 100% secure. To make trading even more secure, Lunex Network executes every transfer through smart contracts which ensures completely slippage-free transactions where the original trader maintains full control over their assets.
Aside from these direct trading features, Lunex Network also gives investors access to a Portfolio Tracker and DeFi wallet that allows traders to make strategic decisions about their digital assets. By storing their tokens, NFTs, stocks and bonds on Lunex Network’s DeFi wallet, traders can view easy-to-read charts and statistics that can improve their trading performance over time.
Even with these impressive features, Lunex Network also gives back to long-term investors by offering staking rewards with up to 20% APYs. Since Lunex Network pays these rewards through an open market buyback mechanism, the platform’s native LNEX token’s price will always be on an uptrend due to high deflationary pressure.
Considering the way Lunex Network is completely revolutionizing the DEXs and CEXs market, it is no surprise that the platform is quickly emerging as the next big Ethereum killer. Although LNEX tokens are currently available for just $0.0036 each, analysts are already hinting at a massive rally before the end of Q4 because of the skyrocketing demand.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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