Ethereum Forecast: Fleeting Weakness and Opportunity?

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This article is also available in Spanish.

It is not without reason that Ethereum is one of the most vital cryptocurrencies in the world. The current number 2 in the cryptocurrency world primarily occupies applications in the field of decentralized finance.

Here, the focus of business interest is on the so-called “smart contracts”. “Automated” contracts no longer require central authority and increasingly exclude banks from the financial cycle.

Price correction before the next raise

Given this innovation, it is not surprising that the Ethereum network is considered future-proof. Nevertheless, its cryptocurrency Ether has recently seen a decline of around 10 percent. Now investors fear further price declines.

Considering the upcoming Donald Trump takes office In the US, many investors hoped that things would only get worse from here. But the reaction came as expected, after all, corrections are part of the high volatility of cryptocurrencies.

Moreover, the Ethereum whale has caused concern; he seemed to have lost patience and sold some of his positions, thus even accepting losses. It’s amazing, finally the crypto future seems glowing, at least on paper.

Expected price enhance

Finally, like Bitcoin, Ethereum could point to the first approved spot ETFs, which should provide greater Ether penetration into markets. Once-implacable opponent Gary Gensler, head of the US Securities and Exchange Commission (SEC), has resigned, and Donald Trump wants to do everything in his power to strengthen cryptocurrencies in the US.

Nevertheless, Ethereum is showing weakness and is far from its all-time high. After the approval of the first spot ETH ETF, the price briefly rose above the $4,000 level, but the situation has since deteriorated.

These: Coinmarketcap.com

Just a week ago, Ethereum experienced another surge, but it was short-lived. However, this development was also observed after the approval of the first spot Bitcoin ETFs.

Markets had already anticipated the expected price increases and needed time to analyze and react to further developments. Of course, it will be no different in the case of Ethereum.

A novel impulse after Trump’s inauguration?

In any case, Ethereum’s history shows that in January every year, ETH usually turns out to be bullish. Given this history, it would not be surprising if the coin’s price increases again in the next two weeks.

Wake up Donald Trump

In any case, many analysts are hopeful that with the implementation of the first deregulatory measures of the novel US government, the cryptocurrency market, and therefore also Ethereum, will again see significant price increases.

Alternative Solaxes

However, if you are an investor looking for an alternative to Ethereum, you may want to take a look at the novel one Meme-Coin Solaxy Roll ($SOLX). Pre-sales on Ethereum are currently ending, but due to its technical design it is a bridge to the Solana blockchain.

As a multi-chain coin, it uses low costs and speed to generate the best of both worlds for itself. In a very tiny time, EUR 10 million flowed into the novel project, which proves that investors believe in Solaxa’s idea.

At a price of just $0.0016 per 1 Solaxy ($SOLX), the token is still inexpensive, but this could change dramatically when the coin goes on sale on one of the cryptocurrency exchanges.

All information about Solaxy ($SOLX) can be found on the respective pages X AND Telegram.

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