ETH Surpasses Key Levels as Traders Accumulate DTX for Next Rally

ethereum (eth) breaks key resistance levels as traders support DTX Exchange (DTX).

The rise of ethereum spot ETFs has shifted attention to ethereum as one-day net inflows surpass $100 million. Meanwhile, emerging hybrid platform DTX Exchange (DTX) has made headlines with its pre-sale surpassing $9.5 million at $0.12 per token.

With just weeks left before DTX enters the next pre-sale round, investors are flocking to claim potential 25x opportunities.

<h2 class="wp-block-heading" id="eth-breaks-3-900-resistance-bulls-target-4-631″>eth breaks $3,900 resistance, bulls target $4,631

Crossing above the market price of $3,900, ethereum is approaching its 52-week high of $4,093. ethereum's current price is at a 4% discount to its annual high price.

ethereum's rally marks the third positive week and represents a 28% price increase. This increases the possibility of a triple white soldier pattern on the weekly chart.

ethereum's market capitalization has reached $472 billion and the cryptocurrency currently records a trading volume (24 hours) of $65.92 billion. As the numbers turn green, analysts anticipate that eth will create a new 52-week high.

<h2 class="wp-block-heading" id="justin-sun-offloads-146-million-worth-of-eth-in-30-days”>Justin Sun dumps $146 million worth of eth in 30 days

Amid the rally, several whales have started to book profits. The trending name is Justin Sun, the founder of the Tron blockchain. Justin Sun's wave of downloads has been making headlines in the cryptocurrency market since early November, representing 41,630 eth worth $146 million.

In total, it deposited 39,000 Ether worth $137 million through HTX, and the remaining tokens worth $8.76 million through Poloniex. The average price of the selling wave was $3,505.

Despite the sell-off, ethereum's rally continues to gain momentum, with the cryptocurrency eyeing a big run as ETFs show increased institutional demand.

<h2 class="wp-block-heading" id="dtx-exchange-leads-altcoins-with-vulcan-x-blockchain”>DTX Exchange leads altcoins with VulcanX blockchain

The DTX Exchange protocol sits at the center of the platform's architecture and serves as the foundation for its operations. It is a comprehensive set of rules and guidelines that govern the operation of the exchange, ensuring transparency, security and efficiency for all participants.

The DTX Exchange protocol will incorporate a hybrid model that combines elements of centralized and decentralized exchanges. This will enable an intuitive and seamless user experience, while maintaining the security and privacy benefits of decentralization.

With its cutting-edge L1 blockchain technology, DTX Exchange (DTX) has raised over $9.5 million in its pre-sale to date.

Powered by blockchain technology, smart contracts will play a crucial role in executing and enforcing the rules of the DTX Exchange protocol. They will facilitate secure and automated transactions, ensuring that users execute operations as intended.

The DTX protocol will also employ an on-chain order book that transparently records all buy and sell orders. This will ensure that the negotiation process is open and verifiable by all participants.

In addition to its trading flexibility, DTX Exchange will utilize distributed liquidity pools to improve liquidity and reduce slippage. These funds will aggregate liquidity from multiple sources, creating a more efficient trading environment.

For more information about DTX, visit their website or telegram community.