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Ethereum (ETH) breaks through key resistance levels as traders rally behind DTX Exchange (DTX).
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The surge in spot Ethereum ETFs has diverted attention to Ethereum as one-day net inflows cross $100 million. Meanwhile, the emerging hybrid platform DTX Exchange (DTX) has made headlines with its presale crossing $9.5 million at $0.12 per token.
With only weeks left before DTX enters the next presale round, investors are moving in to claim the potential 25x opportunities.
ETH breaks $3,900 resistance, bulls target $4,631
Crossing above the $3,900 market price, Ethereum inches closer to its 52-week high at $4,093. The current price of Ethereum is at a 4% discount from its annual highest price.
The Ethereum rally marks the third positive week, accounting for a price jump of 28%. This increases the possibility of a triple white soldier pattern in the weekly chart.
The market cap of Ethereum has reached $472 billion and the crypto currently records a trading volume (24H) of $65.92B. As the numbers turn green, analysts anticipate ETH to create a new 52-week high.
Justin Sun offloads $146 million worth of ETH in 30 days
Amid the rally, multiple whales have started to book profit. The trending name is Justin Sun, the founder of the Tron blockchain. Justin Sun’s offloading spree has been news in the crypto market since early November, accounting for 41,630 ETH worth $146 million.
In total, he deposited 39,000 Ether worth $137 million over HTX, and the remaining tokens worth $8.76 million through Poloniex. The average price of the selling spree was $3,505.
Despite the sell-off, the Ethereum rally is still gaining momentum, with the crypto eyeing a bre
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