Ethereum forecast has been lowered to $3,500 according to Morgan Stanley

Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.

As DTX Exchange gains momentum, the price target for Ethereum drops to $3,500. Find out why DTX could be the largest altcoin in the Ethereum ecosystem.

The Fed rate cut has negatively impacted the cryptocurrency market, with major altcoins correcting significantly. Given the prolonged economic downturn, experts from Morgan Stanley revised their price target for Ethereum from $5,000 to $3,500 and advised diversification into lower-capitalization altcoins that lead specific sectors.

Meanwhile, a new ERC-20 coin, DTX Exchange (DTX), saw a huge inflow of capital despite the correction. It is the first hybrid trading exchange that is expected to lead the stock market sector in 2025 with its transformative features.

Can Ethereum form a new ATH?

Ethereum price rose 46.11% in 2024, reaching a multi-year high of $4,106 in December. However, this rally did not last for long, as the bears took control and brought it down below the base. While the price cut is negative news, the question now is whether Ethereum price can reach a new all-time high.

Ethereum forecast lowered to $3,500 according to Morgan Stanley - 1
Courtesy: TradingView

The ETH network has shown significant growth across multiple metrics in the ecosystem. The total ETH pool rose 17% with the addition of 23.02 million new holders, bringing the total to 134.62 million. TVL for ETH rose to 65.79 billion; On the same date last year, the amount was only $30 billion. Also, ETH ETFs have been a positive growth metric for the platform.

Ethereum price has already reflected these developments, pushing it closer to ATH. In the short term, it is difficult for the Ethereum price to reach a new territory, but it is likely to surpass previous highs during the market action in the coming months.

ETH ETFs end the year with a positive influx

On December 31, the last day of 2024, US ETH ETFs saw a positive inflow of $36 million. while Ethereum price Showing weakness in recent weeks, ETH ETFs continued their positive flow streak, bringing total assets under management to $12.17 billion.

Only three major ETH ETFs saw movement, while others saw no inflows. Notably, Fidelity's FETH ETF saw a positive inflow of $31.80 million, while the Grayscale ETH ETF saw an inflow of $9.80 million. The only ETH ETF to see an outflow was Grayscale's Ethereum Trust (ETHE), with an outflow of $5.60 million.

DTX Exchange enters Phase 7 with 600% ROI

DTX Exchange receives the most attention among the cryptocurrency community due to its unique dedication to innovating a trading system that goes beyond the traditional way of trading. This is done by combining the features of CEX and DEX into a single format that uses a unique platform architecture and advanced blockchain solutions.

because of DTX Exchange Hybrid Modelinvestor interest grew significantly in the seventh stage of pre-sale. It has raised $11.20 million, and early investors have already received a 600% ROI.

Innovative DTX Features:

  • Launching platform for diversified assets: More than 120,000 asset classes available, including cryptocurrencies, stocks, forex and CFDs.
  • VIP discounts program: Through various programs, community members can create passive income sources. VIP discount programs share fee revenue with large token holders.
  • blockchain ownership: DTX Exchange built its own VulcanX blockchain to enhance speed and scalability. This blockchain has broken previous records by 100,000 TPS.
  • Innovative trading tools: DTX's trading platform offers revolutionary features, such as 1000x leverage, distributed liquidity pools, AI order execution, and advanced analytical tools, to increase traders' efficiency.

conclusion

While Ethereum could still ignite a bullish rally, investors are flocking to pre-sell undervalued DTX. Experts believe that DTX Exchange will be the biggest competitor to well-known names like Binance and Uniswap and could rise by 50 times after launch.

To learn more about DTX, visit Pre-sale website, Visit the DTX websiteand Join the DTX community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should conduct their own research before taking any actions regarding the Company.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *