Ethereum (ETH) Price Targets $3,500, As This $0.035 ETH-Based Token Emerges as Top Crypto To Buy for DeFi Exposure

Ethereum saw a massive rally after it broke out of the descending price channel, shooting from $3,100 to $3,400 in a matter of hours as short sellers were squeezed out of the market. Volumes have risen to near $30 billion, and market sentiment strongly favors the outcome of the FOMC meeting. Now that the technical analysis for Ethereum is bullish and the recent improvements on the technology front have enhanced the platform’s scalability and appeal, analysts think that a recovery of the $3,500 level is imminent.

This momentum continues, and the attention of investors is also growing for an ETH-based new crypto, named Mutuum Finance (MUTM), which is increasingly seen among the best cryptos to invest in right now for those focusing on the DeFi segment.

Ethereum Sees Breakout Opportunity As Bullish Sentiment Amplified

Ethereum is up over 8% in the last 24 hours, thanks to increasing liquidity and the overall sentiment shift among markets towards risk on. It appears that over $260 million worth of shorts were unwound within four hours when the price of ETH burst through critical resistance. It appears that the 200-day EMA for the token has been breached, which is a very reliable indicator of a long-term trend change.

The momentum indicators are also bullish, with the RSI above the average for the 14-day period, which is usually the buy signal given by institutional traders. Ethereum, following the upgrade by both Fusaka and Pectra, has lower transacting costs and higher transactions per second, which improves its competitive advantage at a time when institutional investments are rising. If the $3,500 level is breached, analysts expect the market to trigger a recovery, with estimates indicating a possible target of $4,000.

Mutuum Finance: The Best Cryptocurrency To Invest In For Access To DeFi Market

With the Ethereum rebound lighting the way for the next big thing in crypto, the name that keeps popping up among the ranks of the next big thing is none other than Mutuum Finance, better known by the ticker MUTM. With the goal of providing a decentralized lending and borrowing platform that excels on the level of capital efficiency, real yield, and the transparent nature of their liquidation model on the Ethereum platform, the premise of the project truly speaks for itself.

Mutuum’s presale is currently at phase 6, and the data demonstrates increasing momentum: $19,280,000 raised and 18,450 total holders since the project’s inception. The current price at phase 6 is $0.035, indicating a steep 250% increase since the initial entry price of $0.01 during phase 1. However, with the current phase 6 already 98% sold out, it is the last call for buyers to get their hands on the tokens before the price spikes by nearly 20% to $0.04 in phase 7. The launch price for the new token, MUTM, is $0.06, indicating that current buyers will get a whopping 360% return when the token is goes live.

One of the main factors contributing to the adoption of the protocol is the implementation of the new dashboard for the Mutuum protocol. This new platform features a leaderboard of the top 50 account holders, with the number one-ranked user receiving a $500 MUTM reward every day that a transaction is made.

Security is also among the areas that have received heavy attention, with Halborn Security already undertaking a comprehensive audit of the smart contracts of Mutuum. This will help enhance the confidence of the investors, especially when the protocol is ready for launch.

As the benefits of Phase 6 are almost exhausted, with the next price increase for $0.04 imminent, the time for a discounted entry into the market for MUTM is running out. Those looking for the next big thing in the cryptocurrency arena for the growth of the DeFi space might not get a better opportunity.

For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance