Despite the Recent Uptick in the Crypto Market, Ethereum (ETH) Struggles to Clench the $3k Mark

The price of Ethereum (ETH) is trading between $2.2k and $2.7k on the monthly chart. While Ethereum crypto bulls attempted to reach the $3k mark

Despite the recent uptick in the crypto market, Ethereum (ETH) failed to clench the $3k mark. This price action shows that cryptocurrency has a long way to go to set a new all-time high.

On the other hand, investors are moving towards Shiba Inu (SHIB) and DTX Exchange. Analysts forecast the price of DTX could increase by 10x in the coming months.

Ethereum (ETH) Price Analysis: Under Mixed Sentiment

The price of Ethereum (ETH) is trading between $2.2k and $2.7k on the monthly chart. While Ethereum crypto bulls attempted to reach the $3k mark, they faced high selling pressure around the $2.7k region. So, the altcoin is currently showing mixed sentiment on the price chart. Its value is up by 6.6% on the monthly timeframe but down 0.3% on the weekly level.

Still, analysts are hoping for a major comeback in the next few days as we enter the fourth quarter of the year. The Ethereum price is consolidating above the 50-SMA ($2,561.91). Some of its technical indicators are bullish and support an uptrend. The 14-day RSI is above the 50 mark, and the VWMA (10) is flashing a buy signal.

In the case of an upward movement, the value of the Ethereum coin could reach the 200-SMA ($3,101.22) in the next few weeks. However, a bearish move could lead to a retest of the 50-SMA support.

Shiba Inu (SHIB) Price Still on Track Despite Correction

Investors have been showing a lot of interest in Shiba Inu (SHIB), the second largest memecoin by market cap. Data from CoinMarketCap shows its price crossed the $0.0000200 mark recently for the first time in months.

Although the Shiba Inu price has dropped in the past few days, it is still bullish on the weekly and monthly timeframes. Also, the Shiba Inu coin continues to trade above the 50-SMA ($0.00001441) and 200-SMA ($0.00001842). This shows bulls are still in control despite the recent price correction. Going forward, analysts are very optimistic about the meme coin.

Shiba Inu recently announced that it is working on a stablecoin project called SHI. The product is expected to bring benefits such as value stability, usage expansion, and a connection to the DeFi market; however, the exact launch time is still unclear. Analysts forecast the value of Shiba Inu crypto could pump to $0.00002918 in the future.

DTX Exchange (DTX) Brings the Best of CEX and DEX To Traders

DTX Exchange (DTX) is the next best DeFi project for any investor who is tired of DEX but has not gone completely to CEX enough. This platform merges the best of both worlds to give traders a comprehensive experience. While trading on the platform, users can trade stocks, crypto, Forex, CFDs, Bonds, Equities, and commodities without having to complete the KYC forms.

Other benefits of DTX Exchange are no trading fee, the 10000 TPS thanks to VulcanX chain, security, high liquidity and high leverage of over 1000x. Also, the DTX Exchange platform is concerned about the progress and success of its users. Hence, it has launched a reward program to incentivize active users. The announced VIP Rebate System is for active and high-volume traders, providing up to 3% of the platform fee as a rebate for contributing and trading assets.

Furthermore, DTX Exchange solves the issue of liquidity, which has been a major concern among most decentralized platforms, by using distributed liquidity pools. This will allow the platform to connect with different sources of liquidity including other external exchanges and providers of liquidity. Because of its unique features, DTX has been one of the fastest growing presales, raising over $3.4 million. Experts also believe that the DTX coin can skyrocket from $0.06 to $1 before the year ends.

Investors Pivot Towards Top Altcoins: Shiba Inu and DTX Exchange

Investors are moving to Shiba Inu (SHIB) and DTX Exchange for massive gains in the coming weeks. Analysts say their prices could increase in the next few weeks, making them some of the best altcoins to watch out for.

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