Can Ethereum Break $3,000 Resistance? Dogecoin Price Holds Above its VWAP As DTX Exchange Targets $14M In Funding
The Ethereum price has started a fresh dip below the $2,800 support zone, declining below the $2,750 and $2,700 support levels, moving into a short-term bearish zone. It tested the upward wave's 50% Fib retracement level from the $2,125 swing low to the $2,922 high. Finally, the Ethereum price found support near the $2,500 zone, where it consolidated and formed a base. Meanwhile, according to Cantonese Cat, the Dogecoin price has showcased resilience, with the DOGE token closing above a significant support level derived from the volume-weighted average price of the previous cycle high.
The VWAP from Dogecoin's 2021 ATH is a strong base, suggesting that historical price movements play a role in the token's support retention. DTX Exchange (DTX), on the other hand, continues to generate significant buzz within the crypto market, with an incoming official launch set to push its price to $0.20. The project has already raised over $13.8M in presale funding, having hit the $0.16 price target, positioning it as the best ICO opportunity for 2025. Its official launch is set to attract significant listing platforms, which could lead to more gains.
Ethereum Price Consolidates At Support: Will It Fuel The Next Rally?
The Ethereum price has been trading below the $2,680 level, and the 100-hourly SMA forms a connecting bearish trend line with resistance at $2,690 within the hourly chart. On the upside, the Ethereum price faces a significant hurdle near the $2,680 level and major resistance near the $2,735 level. It must surpass these levels to push the ETH price toward the $2,820 and $2,920 resistance levels.
An upside break in the price of Ethereum above the $2,920 resistance could call for more gains in the coming sessions. In such a case, the Ethereum price will surge toward the $3,000 resistance level or even the $3,050 soon. However, if the Ethereum price movement fails to clear the $2,700 resistance, it could lead to more dips in the ETH price. Initial support on the downside is close to the $2,550 level. The first significant support is within the $2,550 level.
A dip below the $2,550 support level might push the Ethereum price toward the $2,440 support or the 61.8% Fib. retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Any more losses could see the Ethereum price dip toward the $2,365 support level in the short term. However, according to Ali Martinez, Ethereum's whale activity, which has led to the purchase of 600,000 ETH tokens, could help the token regain an uptrend momentum.
Dogecoin Price Holds Strong Above Key Support Level: Will It Push Higher?
A closer look at the analyst chart suggests that the Dogecoin price briefly dipped below the VWAP but managed to reclaim the level, confirming its importance as a dynamic support region. Dogecoin's ability to maintain this support might be a bullish signal, suggesting a potential continuation of its uptrend momentum. If the level holds, the Dogecoin price could record another rally, with the DOGE token eyeing the $0.30 resistance level in the short term.
Historically, the VWAP from previous cycle highs tends to catalyze consolidation for the Dogecoin price, with breakouts often leading to strong bullish moves. The current structure of the DOGE token suggests accumulation, as price action remains well-supported despite recent pullbacks. If the price of Dogecoin maintains strength above this level, it could confirm a continuation and retest of its bullish trajectory, supported by technical indicators.
However, a decisive break below the VWAP could expose the Dogecoin price movement to more dipping risk, with support near $0.20. Traders will closely monitor whether the meme coin buying pressure sustains its position above the VWAP, as failure could trigger increased volatility.
DTX Exchange (DTX) Eyes $14M In Presale Funding
DTX Exchange's presale has seen some major milestones, with the DTX price rallying by 700% as it eyes the $14M funding milestone. The surge has been attributed to the project's unique DeFi features, guaranteeing high-speed transactions and security. DTX Exchange has been built on the VulcanX blockchain, designed to handle over 200,000 transactions per second. This makes it one of the best altcoins with high potential growth in 2025.
This scalability ensures that DTX Exchange can handle large volumes of trades without slowing down, especially during peak hours. The platform uses the Phoenix wallet with quantum-proof technology to protect assets from future threats. It also uses the latest encryption protocols to keep funds secure. With its hybrid features, DTX Exchange offers various advanced trading tools to benefit experienced and beginner traders.
As the first hybrid exchange to offer multi-asset trading within a unified platform, DTX Exchange allows traders access to ETFs, cryptos, stocks, and bonds. Moreover, the platform's 1,000x leverage facilitates high-profit potential. These features have already led to massive adoption, as DTX's combination of low entry cost and high liquidity multipliers positions the DTX token for long-term success.
Can DTX Exchange Match Ethereum and Dogecoin's Previous 100x Rallies?
Ethereum price has to overcome the $2,700 level to regain a strong bullish momentum that could see the ETH token hit the $3,000 level while aiming for more gains. Similarly, the Dogecoin price reclaimed the VWAP from its last cycle high, leading to speculation on whether it can maintain momentum as the DTX Exchange VIP rebate program demonstrates its commitment to the community.
The program allows token holders to earn up to 3% of the exchange's fee revenue, building trust while ensuring its community grows with the project. This has led to significant adoption as investors seek to capitalize on the altcoin before its official launch, which could see higher gains in the DTX price target.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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