Crypto speculations are now starting to fly around as Ethereum breaks below its $3000 support. According to analysts, this decline is happening because large Ethereum whales are starting to sell their token holdings to break even.
Ethereum’s struggle to regain momentum continues, but recent Ethereum news shows that the spotlight is turning toward ETH-native solutions.
Remittix, in particular, has emerged as one of the most-watched altcoins under this narrative, with increasing interest from early investors looking for the next big crypto trend. Experts indicate that the PayFi altcoin looks perfectly positioned to thrive in current market conditions.
Ethereum News: Market Struggles, Failed Support Levels and Whale Activity
According to recent Ethereum news, the token has now dipped below its $3000 support level. The failure of this strong support level presents a notable indication of shifting market sentiment. According to analysts, the reason this support failed to hold is that there is now increased selling pressure on Ethereum as whale wallets holding between 10,000 and 100,000 ETH continue to reduce their holdings.
In addition to this, Santiment reports that Ethereum’s Network Realized Profit/Loss metric shows that investors lost more than $1 billion in the past week alone. This has, in turn, triggered a flurry of ETH selling as whales look to at least break even and prevent more significant losses from happening.
Positive Ethereum News For Investors
However, experts are suggesting that there is nothing to worry about, despite news about the dip. The reason is that Ethereum’s cost basis for accumulation wallets is around $2,860, and historically, Ethereum has seen a recovery whenever it approaches this threshold. As such, investors who expect this same pattern to repeat are watching these levels closely.
Also, Tom Lee, Fundstrat’s CIO, remains bullish on Ethereum. In a recent interview, he states that he believes the bottom has been reached and predicts that ETH could hit $7,000 by Q1 2026. However, for this to happen, there will have to be more innovation and institutional adoption of Ethereum’s blockchain for tokenizing real-world assets.
Remittix Captures The Spotlight As The Ethereum Token To Watch
While traders continue to wait for positive Ethereum news that could indicate the comeback is on, on-chain analysis shows that another trend is forming. Ethereum-native solutions and Layer-2s are starting to capture more investor attention, and among them, Remittix is quickly emerging as the standout altcoin to watch in the Ethereum ecosystem.
Remittix is a PayFi solution that is solving the $19 trillion cross-border payments problem with cutting-edge blockchain technology. Already, Remittix’s payment solution is providing live support for direct crypto-to-fiat settlement in over 30 countries, indicating strong global adoption.
Apparently, this is a development investors love because Remittix has been able to secure over $28.1 million in private funding from more than 30,000 investors. According to recent news, Remittix has confirmed token listings on tier-1 exchanges like BitMart and LBANK, opening up the door to even more inflow. However, this is not the only thing that sets Remittix apart from other Ethereum-native solutions
Why Remittix Leads the Pack:
- Remittix is fully audited and verified by CertiK
- Strong institutional and retail adoption
- Rapidly expanding ecosystem, highlighted by the recent release of the Remittix wallet for beta testing
- Global adoption potential with live presence in 30 countries
Frequently Asked Questions
What is the best crypto to buy now on Ethereum?
Tokens with real-world use cases on Ethereum are performing well right now. There are currently several utility tokens on the market with good upside, but according to analysts, the best crypto to buy now is Remittix.
How important is a CertiK audit for a project?
A CertiK audit is extremely important. It indicates that a project does not have smart contract vulnerabilities that could affect user safety. The security audit is even more trustworthy when you consider that CertiK is one of the top security firms.
How do I find new crypto projects early?
To find a new crypto project early, you need to pay attention to platforms like crypto token launchpads and community forums. Sometimes, projects will drop announcements on social media channels like X and Reddit, so you will want to set alerts for them as well.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Source: https://coindoo.com/ethereum-news-today-as-eth-breaks-support-remittix-emerges-as-the-most-watched-ethereum-based-token/
