Ethereum

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Ethereum faces a potential decline as Lunex Network gains momentum in the crypto space. With 52 million ETH recently purchased by over 1.8 million addresses at the $2,350 price point, investors’ sentiment remains mixed. The growing prominence of Lunex Network, with its innovative features and better scalability, has some speculating about whether Ethereum’s dominance is at risk. This dynamic raises questions about ETH’s future trajectory, especially as new competitors like Lunex Network rise rapidly.
<h3 id="strong-can-ethereum-eth-get-out-of-pressure-strong">Can Ethereum (ETH) Get Out Of Pressure?</h3>
Ethereum is under pressure, having recently dropped below $2,400 and fallen around 10% within the last week. However there’s an intriguing development — around 1.8 million addresses have purchased 52 million ETH for an average cost of $2,350. This big accumulation indicates this price point might be a crucial support level.
Traders are watching the $2,350 mark near key Fibonacci retracement zones. Ethereum might challenge higher resistance levels above $2,800 if it can rebound from this support. Nevertheless, a dip below this particular threshold would cause panic selling and analysts anticipate additional losses below $2,100 or perhaps $1,800.
With this big accumulation in the $2,350 price range, market participants are waiting to find out whether Ethereum can find strength and reverse its downtrend.
<h3 id="strong-why-are-crypto-traders-flocking-to-lunex-network-lnex-strong">Why Are Crypto Traders Flocking To Lunex Network (LNEX)</h3>
Crypto traders are flocking to the Lunex Network presale in large numbers. Experts suggest that $LNEX, the native token of Lunex Network, is currently one of the best cryptocurrencies to buy, as it has the potential to yield over 100x profit for early investors.
This assessment stems from close observations of Lunex Network’s presale Stage 1, during which all tokens sold out in just two weeks. The presale is now in Stage 2, with over 37% of the total tokens already sold, driven by its appealing entry price of $0.0013.
The rapid momentum of the presale is attributed not only to its affordability but also to Lunex Network’s premium features. These include an aggregation protocol, a comprehensive portfolio management solution, and access to numerous predictive analytics tools.
Lunex Network not only enhances crypto liquidity and simplifies trading but also gives traders and investors the opportunity for an 18% staking APY and other rewards. The network’s secure and user-friendly interface helps it stand out against competing networks like Ethereum.
For security-conscious users, Lunex Network is committed to security and transparency, regularly conducting smart contract audits. Its user-friendly interface allows for easy navigation without KYC checks. Additionally, the platform employs a deflationary mechanism to help sustain the value of its tokens over time.&nbsp;
With predictions indicating that $LNEX could soar by 100x by launch, now is the ideal time to join the Lunex Network presale at attractive prices. This is a chance to be part of a groundbreaking token poised to transform the trading industry. Lunex Network promises unmatched liquidity and seamless cross-chain capabilities. Don’t miss out on the opportunity to invest in a revolutionary platform!
You can find more information about Lunex Network (LNEX) here:
Website: <a href="https://lunexnetwork.com" target="_blank" rel="noopener noreferrer nofollow">https://lunexnetwork.com</a>
Socials: <a href="https://linktr.ee/lunexnetwork" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/lunexnetwork</a>
The post <a href="https://www.ethnews.com/will-ethereum-continue-to-decline-52-million-eth-purchased-by-above-1-8-million-addresses-at-2350/" rel="noopener noreferrer nofollow">Will Ethereum Continue To Decline? 52 Million ETH Purchased By Above 1.8 Million Addresses At $2,350</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Will Ethereum Continue To Decline? 52 Million ETH Purchased By Above 1.8 Million Addresses At $2,350

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