Ethereum is drawing the market’s attention as it approaches the $2,640 resistance level, fueling speculation that a bullish breakthrough is approaching. This level, reinforced by Bitcoin’s recent gain, represents a possible inflection point for Ethereum, with noted analyst Carl Runefelt predicting that a burst above this level may take ETH to $2,800. Successfully breaking over this resistance might allow Ethereum to reclaim its 200-day EMA around $2,797, which is a key indicator of long-term bullish momentum. Meanwhile, investors are looking at Rexas Finance (RXS), a newcomer focusing on real-world asset tokenization that recently raised $4 million in presale with a 101% price gain. Rexas Finance’s development aligns with its goal of tokenizing assets such as real estate and commodities, positioning it as a prospective rival in the asset-backed token field as the cryptocurrency market heats up..
Ethereum Breakout Could Signal Rally Amid Rising Market Optimism
Ethereum’s close proximity to the crucial barrier level of $2,640 has revived investor excitement, bolstered by Bitcoin’s recent rise. The cryptocurrency market is intently watching Ethereum’s price changes as it attempts to break through this barrier, potentially signaling the start of a bullish trend. Carl Runefelt forecasts a favorable technical setup for Ethereum, anticipating that a strong breakthrough over $2,640 will start a climb towards $2,800, a critical upper resistance level from Ethereum’s previous accumulation period. If Ethereum clears this resistance, it would also reclaim its 200-day exponential moving average (EMA) at $2,797, indicating a sustained bullish outlook. However, caution remains among investors, as failure to break the $2,650 resistance level could lead to a retracement towards lower demand zones, particularly around the $2,500 mark. The next few days could determine Ethereum’s short- and mid-term potential, either affirming the rally or prompting a search for liquidity in lower support zones.
Rexas Finance (RXS) Hits $4 Million in Presale.
Rexas Finance is on the verge of something massive, with its current presale already bringing in $4 million. Token value increased by 101% from $0.060 to $0.120 in the fourth presale stage. With more than 150,000 investors and a dedication to tokenizing physical assets, Rexas Finance continues to attract attention. The project has focused on tokenizing real assets like real estate and commodities in order to build trust with investors. Analysts predict that the token may hit $0.20 by the start of 2025 and will remain available before being listed on exchanges. This suggests that Rexas Finance has the potential to play a major role in the RWA tokenization sector.
Conclusion:
Ethereum’s move toward the key $2,640 resistance level has set the stage for a potential breakout, possibly igniting a bullish trend that could carry ETH to $2,800 and beyond. Should it reclaim its 200-day EMA at $2,797, investor confidence may grow, signalling a strong momentum shift. However, a failure to overcome the $2,650 mark might mean retracement, as Ethereum could test lower support zones. Meanwhile, Rexas Finance is gaining traction as a promising “Ethereum killer” with its successful $4 million presale and unique focus on tokenizing real-world assets. With projections targeting $0.20 by early 2025, Rexas could emerge as a formidable force in the asset-backed token space, appealing to a broadening investor base.
- Website: https://rexas.com
- Whitepaper: https://rexas.com/rexas-whitepaper.pdf
- Twitter/X: https://x.com/rexasfinance
- Telegram: https://t.me/rexasfinance
