The FTX crash is not over from pulling Ethereum (ETH) down. The world’s biggest altcoin had just been denied an entrance to the $1,200.00 zone inciting fears of further weakness ahead.
Investors took the recent retracement as a signal to buy into The Hideaways (HDWY) – a top presale choice that will surge 19,000% in 2023.
Ethereum (ETH) Gets Rejected from a Critical Resistance Line
Ethereum (ETH) bulls fail to push the price back to $1,200.00 after facing multiple rejections on the round figure.
ETH is trading at $1,190.00 in the latest charts, down 0.40% in the 24-hour charts. This is at the same time Litecoin (LTC) clinched a solid hike while The Hideaways (HDWY) witnessed a growth in demand for its presale token.
Investors are buying into undervalued tokens as the FTX crash has targeted significantly overvalued cryptocurrencies.
This week, the network’s developers unveiled eight improvement proposals for the next big upgrade after the Merge, the Shanghai hard fork, which will bring greater efficiency to the platform.
But even this highly-anticipated information is not enough to lift its price above a critical resistance line.
Ethereum (ETH)’s Latest Underperformance Calls for Sell
Ethereum (ETH) is down 1.48% in the last seven days and 23.83% in the 30-day charts. Still, the price held steady above $1,000.00 despite the FTX wipe-out that sent Bitcoin (BTC) to a two-year low.
Bears currently lead Ethereum (ETH)’s technical indicators. The RSI, an indicator of the market’s buying and selling sentiment, is at the 42.00 zone. Meaning, there is ongoing selling activity from investors who are worried about greater volatility ahead.
The 24-hour trading volume has also dropped to $1.14 billion from $1.42 billion, another indicator of a souring sentiment.
Analysts said it’s time to cut losses on your Ethereum (ETH) holdings before the price drops to its first support level at $1,100.00.
The Hideaways (HDWY) is the Answer to Every Investor’s Dream
The Hideaways (HDWY) welcomes an unexpected surge in demand after Ethereum (ETH) failed to break an important resistance.
Investors are buying into the new cryptocurrency project for many good reasons. First, it is a good source of capital appreciation – The Hideaways (HDWY) is forecasted to hit a 19,000% gain next year after listing in mainstream crypto exchanges.
Next, passive income is lucrative – The Hideaways (HDWY) gives a 20% income yield for its NFT owners. The project will offer digital collectibles backed by luxury real estate properties from around the world that give out steady rental income every month.
The Hideaways (HDWY) is the first crypto-driven real estate crowdfunding source to give such amazing opportunities to regular investors. Don’t miss your chance.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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