Ethereum Price Analysis: ETH Encounters a Strong Bullish Momentum & Market Participants Are Doubting to Invest

Today's Ethereum price analysis shows that the ETH price is experiencing a strong bullish wave. However, market participants are still hesitating to invest in ETH.

Ethereum's price action on the daily chart has been revealing some interesting insights into the cryptocurrency's momentum and potential investment opportunities. In recent days, ETH has been trying to regain its bullish momentum after a period of losing steam.

As shown in Chart 1, on February 19, Ethereum's trading day began with a brief fall in price, showing a slight bearish momentum. However, at 01:30 UTC, ETH's price movement shifted to the upside, beginning a gradual climb. This uptrend continued throughout the day, leading ETH to the highest price point of $2737. A Golden Cross on MACD at 01:55 UTC affirmed this uptrend. Later, at 10:15 UTC, a Death Cross on MACD signaled a price decline, and as expected, at 10:20 UTC, ETH's price movement began to fall. This downtrend breached a breakout at 14:40, dropping the price to $2677.

At 15:05 UTC, ETH found support at $2677, beginning to move on the upside once more. This uptrend continued until the trading day's close, with ETH closing at $2730. A Golden Cross on MACD at 15:30 UTC asserted this uptrend. Following the previous day's uptrend, on February 20, Ethereum's price action continued its upward movement. At 02:50 UTC, ETH broke through the resistance at $2737, breaching a breakout, and reaching the day's highest price of $2759. A pin bar at 04:25 UTC, followed by a full-body red candle, signaled a short price decline. A Death Cross on MACD at 04:35 UTC confirmed this downtime.

As the day progressed, traders should closely monitor the key levels to determine whether ETH encounters a buy or sell momentum. This observation will be crucial in identifying potential opportunities for entering or exiting the market.

Based on the Ethereum price analysis, it is evident that the ETH price movement is projecting a strong bullish momentum. However, investors are still逡巡 whether to invest in ETH. Hence, they are seeking the most promising crypto projects that afford high liquidity, explosive rewards, and long-term potential growth. For those who seek such opportunities, crypto presales are a good starting point.

As there are countless crypto presales on the market, identifying the most rewarding project could be a tough task. With real use cases and key functionalities, DexBoss and Aureal One are the two high potential crypto presale projects setting a stage in the presale market. What makes them stand out? Let's delve into exploring them.

1. DexBoss (DEBO)

If you're looking for the best crypto coin to invest in today for future gains, look no further than DexBoss. It is a decentralized finance world designed with simplified trading solutions to offer an intuitive trading experience for all level traders. This cross-chain compatibility allows users to trade across multiple blockchains, ensuring high liquidity seamlessly.

Click here to know more about DexBoss

Key Features

DEBO Presale Financial Growth

The native utility token of DexBoss is DEBO, which is currently in the Initial Coin Offering (ICO) phase. Presently, the price per DEBO is $0.011; upon listing on the decentralized exchanges, its listing price is expected to be $0.0505. The total fund raised in the ongoing presale was $587,286.75 from its $750,000 goal, nearly 78% of its target.

2. Aureal One (DLUME)

Aureal One is an emerging blockchain built with the integration of gaming and metaverse sectors. From digital assets ownership to interactive gaming experience, Aureal One provides diverse opportunities for traders of all levels. With Zero-Knowledge Rollups Technology, users can process thousands of transactions per second (TPS) at fast-lightning speed with near-zero gas fees.

Aureal One’s Official Flagship

DLUME Presale’s Financial Growth

The heart of the Aureal One ecosystem is DLUME, currently in the presale phase 3. The discount price of DLUME at the moment is $0.0013. Upon listing on the exchanges, its listing price is expected to be $0.005. The total fund raised in the ongoing DLUME presale was $3,243,305.8 from its $4,500,000 target. Since its early bird offerings, Aureal One has been grabbing the attention of many investors. Hence, investors who are looking for the best crypto