Ethereum (ETH) Price Rallies After Network Activity Reflects Investor Confidence

Ethereum's price has faced several fluctuations over the last few weeks but it is finally painting an extremely bullish picture.

As Ethereum’s price continues to rally, reaching new heights with each passing day, the network activity is painting an extremely bullish picture for the second largest cryptocurrency by market cap.

While Ethereum’s price has faced several ups and downs over the last few weeks, the token’s Open Interest has now surpassed $20 billion for the first time in history.

According to analysts, this level of Open Interest indicates that Ethereum is likely to surge towards the $4,000 resistance before the end of Q4.

These bullish predictions are also fueled by Ethereum’s high network activity which is reflected by ETH blobs exceeding their threshold limit of 3.

Amidst this positive sentiment, Ethereum has recorded a 7.01% intraday jump to its current trading price of $3,553.04.

Since Ethereum’s daily chart is also flashing strong buy signals, Ethereum’s ongoing uptrend is likely to continue until the token’s RSI reaches the overbought level.

If Ethereum can clear the next resistance at $3,767.47, analysts believe Ethereum could record a new all time high level before the end of Q4.

On the other hand, Rollblock’s presale tokens are selling out in record breaking speeds as this iGambling platform has officially gained whale attention.

Since Rollblock’s price has already rallied by more than 260% during its presale stages, even Ethereum whales know that RBLK could become one of the top cryptos by market cap in early 2025.

As Rollblock records massive whale investments during its 8th presale stage, analysts are becoming even more optimistic about a massive 100x rally for RBLK on its official launch day.

Although Rollblock is competing with hundreds of existing iGambling platforms that already have huge numbers of active users, Rollblock’s GambleFi ecosystem is setting itself apart from the competition with its native RBLK token.

While traditional platforms only integrate third party cryptocurrencies on their platforms, Rollblock is offering more utility to investors with its DeFi altcoin that features staking rewards with up to 30% APYs.

Since Rollblock is committed to user experience, the platform is currently offering a massive 50% deposit bonus to every new investor.

This means that new users can purchase RBLK tokens, receive more tokens than they paid for, and start playing any of the 7,000+ games on Rollblock’s GambleFi ecosystem.

All of these games are already audited and regulated by SolidProof and Gaming Curacao which is a testament to Rollblock’s commitment to provably fair gambling.

Given these impressive features, Rollblock’s current price of $0.036 is a massive steal for savvy traders who want to make an early investment before RBLK’s demand skyrockets in December.

Since Rollblock’s presale tokens are almost completely sold out, analysts are also projecting another demand induced price surge within the next few days.