Ethereum (ETH) Price Could Slip Under $3,500 This Week As This ETH-Based Altcoin Gathers Steam

Source Cryptopolitan

Ethereum (ETH) is experiencing short-term pressure, with experts noting that a fall below $3,500 would happen in the short term. Although ETH remains at the center of the DeFi market, its short-term price behavior remains hostage to market sentiment and overall direction of cryptocurrency.

At the same time, Mutuum Finance (MUTM), a DeFi token built on ETH now available for presale at $0.035, is also gaining steam with its lending-and-borrowing process. Having real-world applications and having a lower market price, Mutuum Finance is offering investors the promise of much higher returns, and it is something that should be watched as the market looks for more than tokens like Ethereum.

Ethereum Near-Term Outlook: Short-Term Bear Pressure Below $3,560

Ethereum (ETH) is under short-term bear pressure after it fell from a symmetrical triangle formation, which typically signifies continuation of the trend in the same direction but sometimes also takes the shape of a flip. Traders like Michaël van de Poppe note that ETH could test support at levels of $3,550–$3,750, where $3,685 is an important technical level for the 20-week EMA. Triangle’s measured decline is showing $3,560, which indicates a potential 15% decline from here if there’s fresh selling pressure ahead of October.

Presale Profits and Liquidity

Mutuum Finance (MUTM) presale successfully went live and is now at Stage 6, and tokens are available for purchase at $0.035. The project has already gained more than 16,570 investors and more than $16.3 million worth of invested capital. These are just the level of market demand MUTM has and global hype of going live.

Mutuum Finance protocol  hedges liquidity and volatility in real time. It will short illiquid positions opportunistically, never shorting too little on liquidation levels. Risk sizes are hedged too into stablecoins and ETH positions, and LTV ratios are collateralized using less volatile collateral. A reserve factor, proportionally allocated by asset classes, is also helping protocol security and reserve management optimization.

Mutuum Finance leverages Chainlink oracles to collateralize, lend, exchange, and USD-denominated token and asset settlement like ETH, MATIC, and AVAX. Fallback oracle modes, composite data feeds, and decentralized exchange time-weighted averages are utilized by the platform. Multi-layered infrastructure provides extremely accurate price data for high-pressure market scenarios.

Early Adopter Rewards to the Community

As an expression of appreciation to its first investors, Mutuum Finance has devised a $100,000 giveaway offer. Ten individuals will receive $10,000 each in the form of MUTM tokens, and that will be presale community support.

Market volatility is one of the factors that must be controlled within Mutuum Finance’s collateral management framework. Asset stability is applied in arriving at LTV ratios and liquidation points, risk classes being separated into higher and lower classes. Reserve multipliers are thus used, commencing at 10% for risk-free assets and going up to 35% for risk tokens. Protection buffer room is offered while not compromising diversification in the portfolio.

Mutuum Finance is creating an active capital-backed, passive borrowing and lending protocol. It will enable lending against securitized collateral and be backed by two simple mechanisms: a stability algorithm and an interest rate optimisation algorithm. They will create efficiency, resiliency, and long-term sustainable use of capital within the network as a whole.

Mutuum Finance (MUTM) is seeing solid momentum as Ethereum (ETH) sees short-term bear pressure at under $3,500. Stage 6 presale tokens are at $0.035, with over 16,570 investors and $16.3M in funds raised, illustrating growing interest. MUTM brings utility in the market by offering a lending-and-borrowing protocol with dynamic risk adjustment, Chainlink oracles integration, and perpetual hedging of liquidity. With a $100,000 community giveaway behind it, it gives investors the chance for a good reward as ETH weakens. Join Stage 6 today and get tokens before the next price surge.

For more information regarding Mutuum Finance (MUTM) please use the following links:

Website: https://mutuum.com/

Linktree: https://linktr.ee/mutuumfinance

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold flat lines below $3,750 as traders await key US economic data, FedspeakGold (XAU/USD) lacks any firm intraday directional bias on Thursday and seesaws between tepid gains/minor losses below the $3,750 level during the Asian session.
Author  FXStreet
Yesterday 06: 17
Gold (XAU/USD) lacks any firm intraday directional bias on Thursday and seesaws between tepid gains/minor losses below the $3,750 level during the Asian session.
placeholder
US Dollar Index Price Forecast: DXY eases from two-week high, dips to 97.75/38.2% Fibo.The US Dollar Index (DXY) edges lower during the Asian session on Thursday and erodes a part of the previous day's strong move up to the 98.00 neighborhood, or a two-week high.
Author  FXStreet
Yesterday 06: 28
The US Dollar Index (DXY) edges lower during the Asian session on Thursday and erodes a part of the previous day's strong move up to the 98.00 neighborhood, or a two-week high.
placeholder
Ethereum extends dip, attacking long positions accumulated under $4,000ETH dipped under $4,000 with sudden liquidation of long positions.
Author  Cryptopolitan
Yesterday 06: 44
ETH dipped under $4,000 with sudden liquidation of long positions.
placeholder
Meme Coins Price Prediction: Downside risk persists for Dogecoin, Shiba Inu, and PepeMeme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), continue to decline steadily as the broader cryptocurrency market remains volatile.
Author  FXStreet
Yesterday 07: 36
Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), continue to decline steadily as the broader cryptocurrency market remains volatile.
placeholder
Crypto market liquidates over $400 million as correction lingersThe cryptocurrency market extends its downturn on Thursday, with Bitcoin (BTC), Ethereum (ETH), and major altcoins slipping further after a wave of liquidations earlier in the week.
Author  FXStreet
Yesterday 09: 01
The cryptocurrency market extends its downturn on Thursday, with Bitcoin (BTC), Ethereum (ETH), and major altcoins slipping further after a wave of liquidations earlier in the week.
goTop
quote