Ethereum Nears a Breakout – Is Toncoin’s Price Growth on the Horizon?

Ethereum seems ready for a significant shift, drawing attention to the potential rise of Toncoin.

Reports from ChangeNOW, a no-signup crypto exchange used by savvy investors and large holders, show increased transaction volumes for ETH and TON. This uptick indicates investors are accumulating, suggesting these coins may see future growth.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Ethereum Gains Momentum as Bulls Influence the Market

Ethereum’s price has risen recently, gaining over 8% in the past week and more than 27% in the past month. The current price ranges between $3121.90 and $3341.60. The 10-day simple moving average stands above $3350, surpassing the 100-day average of around $3168, suggesting bullish momentum. The Relative Strength Index is close to 54, indicating neutral to slightly positive market sentiment. If Ethereum breaks through the nearest resistance level at $3607, it could aim for the next resistance at $4037, representing a substantial percentage increase. With technical indicators pointing to potential growth, the current market conditions seem favorable. Ethereum can be accessed on platforms like ChangeNOW without registration and no hidden fees.

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Toncoin Shows Signs of Recovery Amidst Short-Term Price Gains

Toncoin (TON) has recently seen a price range between $5.03 and $5.78, with short-term indicators pointing to potential growth. The 10-day simple moving average is $5.52, slightly above the 100-day average of $5.47, suggesting positive momentum. The Relative Strength Index stands at 51.67, indicating a neutral market with a slight bullish bias. Over the past week, Toncoin’s price has increased by 5.02%, and by 5.22% over the past month. The nearest resistance level is at $6.18, while support is at $4.68. If the bullish trend continues, Toncoin could test the next resistance at $6.92, representing a potential increase from current levels.

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Conclusion

Ethereum is on the verge of a significant movement, attracting the attention of investors. Toncoin also shows potential for price growth soon. Both cryptocurrencies present unique opportunities for traders and investors alike. For those considering transactions with these coins, ChangeNOW stands out as an excellent platform. It enables users to exchange, buy, or sell coins without any hidden fees and requires no registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies and no limits on transaction volumes, it offers unparalleled flexibility. Additionally, users have the convenience of purchasing crypto using a bank card. ChangeNOW simplifies the process, making cryptocurrency management accessible and efficient.

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Alexander Zdravkov