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ethereum price is up 3.1% in the last 24 hours to trade at ethereum/”>$2,236 starting at 12:30 am EST.
This comes as whales get more ethereum, and the last week saw a whopping $230 million bought by such major investors.
Some of the largest ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum The whales have been on a shopping spree, picking up more than 100,000 $eth Just last week: that's a whopping $230 million! pic.twitter.com/jWHY6MXDgs
—Ali (@ali_charts) December 16, 2023
ethereum Price Prediction
Looking at the eth/USD 3-hour charts, the Relative Strength Index indicator is moving north as it heads into the overbought region. This shows buying pressure on ethereum as it appears to continue pumping in the near term.
The MACD indicator is also moving in the green zone, supporting the prospects for a short-term bullish trend.
ethereum price is volatile, as evidenced by the Bollinger Bands moving far apart. This can be attributed to the increase in trading activities which has seen eth trading volume increase by 28% in the last 24 hours.
eth/USD 3-hour chart | Fountain: crypto%3ABTCUSD”>TradingView
Furthermore, according to analyst Jake Wujastyk, ethereum has formed a Hammer candle, indicating a bullish trajectory for ethereum.
ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum Printing daily hammer candles at trend zone support. pic.twitter.com/lHe9FMQTmL
– Jake Wujastyk (@Jake__Wujastyk) December 19, 2023
Meanwhile, as ethereum surges, the pre-sale of bitcoin Minetrix token BTCMTX is gaining momentum. The pre-sale has so far raised more than $5.5 million.
ethereum Price Prediction: Is BTCMTX a Better Investment Right Now?
bitcoin Minetrix introduces an innovative mining method that could generate substantial profits when going public. The project offers BTCMTX token holders access to cloud mining credits, establishing a passive income stream.
By using an on-chain approach, bitcoin Minetrix ensures efficiency, transparency, and fraud protection, setting it apart from conventional cloud mining practices.
Interested in bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin But not the technicalities?
Cloud mining has your back!
Say goodbye to installation, maintenance and noisy platforms.
Plus, it's cost-effective and space-saving.
Perfect for newcomers to explore the world of crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto! #BitcoinMinetrix #CloudMining pic.twitter.com/7JQ36XUy74
—Bitcoinminetrix (@bitcoinminetrix) December 10, 2023
The project incorporates mining staking smart contracts, giving users enhanced security and control over cloud credits, mining time, and allocation.
Boost network hash power to improve security
The easy-to-use mining technique employed by bitcoin Minetrix has the potential to significantly increase the network's hash power, thereby improving security and decentralization. The project aligns with bitcoin's original goal by providing opportunities to small-scale miners.
Renowned figures in the bitcoin community, including Michael Wrubel and Jacob crypto Bury, have endorsed bitcoin Minetrix. This support has attracted attention within the cryptocurrency field.
bitcoin Minetrix stands out as a unique investment opportunity during the current cryptocurrency boom, with a creative cloud mining strategy, capable team, and favorable market conditions.
Positioned for success, bitcoin Minetrix may thrive amid the expected price halving and potential adoption of a bitcoin ETF. The pre-sale of BTCMTX is gaining momentum as interest in its revolutionary mining approach grows.
With solid backings, a distinctive investment position, and a favorable market trend, BTCMTX has become a symbol to watch during this exciting phase of the cryptocurrency boom.
Visit bitcoin Minetrix here.
Related news
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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