Ethereum (ETH) Price Targets $4K As Whales Resume Buying Spree

This week, lots of Ethereum (ETH) has left exchanges. IntoTheBlock pointed this out in its recent tweet, saying the outflow exceeded $1 billion.

As bullish sentiment continues to build in the crypto market, a staggering $1 billion worth of ETH has been withdrawn from exchanges, according to IntoTheBlock's data. This massive outflow is a bullish signal, indicating that investors are not looking to sell their ETH and are expecting a price increase.

Experts are predicting that ETH could quickly hit $3,500, and they also believe that Lunex Network's (LNEX) token could 10x before the year ends. The LNEX token has been gaining attention from investors due to its impressive staking APY of up to 18%.

Ethereum (ETH) Price Targets $3.5K As Whales Resume Buying Spree

This week, a large amount of Ethereum (ETH) has left exchanges, with IntoTheBlock highlighting the outflow in its recent tweet, stating that it has surpassed $1 billion. This metric suggests that investors are not planning to sell their ETH and are bullish on the coin's future price performance.

According to IntoTheBlock, investors areHODLing as they anticipate an increase in ETH's price. As per CoinMarketCap's weekly chart, the price range of ETH has been between $2,900 and $3,400.

ETH's market capitalization has risen from a monthly low of about $280 billion to as high as $410 billion. Despite this, ETH remains bullish, trading above the 200-SMA at $2,909.19, which could provide support in case of a bearish run.

Analysts' predictions indicate that the altcoin's price will continue to rise in the near future. The Cryptomist states that if the bulls maintain their grip, ETH could rise to $3,500 in the coming days. Another analyst, Misterspread, gave a similar analysis, saying that the altcoin is forming a head and shoulder pattern. However, they noted that a clear close below $3,000 is needed for this pattern to hold. VECTOR PRIME predicts that the Ethereum crypto price may rally to $4k in the coming weeks.

Lunex Network (LNEX) Anticipated To Spike By 10x In Coming Months

Lunex Network (LNEX) is making waves in the DeFi market with its high-yield staking. Holders of the LNEX can stake their tokens to earn rewards of up to 18% APY when they lock their coins for a month. As demand for the LNEX token increases, the altcoin's price has skyrocketed from $0.0012 to $0.0026. The project has also managed to raise $2.5 million, indicating strong interest from investors.

Experts are predicting a 10x surge from Lunex in the coming months. This program not only offers a great way to generate passive income but also properly incentivizes users to contribute to the core success of the platform. They also get lower fees, special analytic data, and can participate in revenue sharing.

Here, the platform uses a portion of its revenue to buy back coins from the open market, with 50% being distributed to investors and the other 50% being reserved for incentives in other programs.

Moreover, Lunex has a cross-chain capability, allowing users to swap over 50,000 assets across different blockchains, making it convenient and accessible to use. With such features and a successful presale that has already begun, Lunex Network is quickly positioning itself as one of the top DeFi projects for traders and investors.

In Summary

analysts are bullish on the future price performance of Ethereum (ETH) and Lunex Network. While ETH could soar to $3.5K, Lunex Network could 10x in the coming months, making them the best coins to invest in now.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

*This article was paid for. Cryptonomist did not write the article or test the platform.