The Bulls Are Back! Ethereum (ETH) Hovers Above Critical Resistance Level, But Smart Money Is Rot

The bulls are back! Ethereum is hovering above the critical resistance level, but the good news is that fresh data from leading analytics platforms reveals a dramatic drop in exchange-held ETH

The bulls are back! As Ethereum price hovers above the critical resistance level, fresh data from leading analytics platforms shows a dramatic drop in exchange-held ETH. And as Ethereum is seen gearing up for this rally, smart investors are going beyond just holding ETH. They’re focusing on projects that are being built on Ethereum’s infrastructure and solving real-world problems.

Among such projects, one appears to be a rising star in the cross-border payment sector, already garnering attention for its practical utility and effortlessly designed interface.

Continue reading to learn more about this project.

Ethereum Price Prediction: Shrinking Exchange Supply and Rising Whale Activity Point to June Breakout

According to Santiment, the amount of Ethereum on centralized exchanges has reached the lowest levels in over a decade, with only 4.9% of the total supply remaining on exchanges.

Over the past five years, 15.3 million ETH has been withdrawn from exchanges, with 1 million ETH exiting exchanges in the last month alone, according to data from CryptoRank.io. As investors prefer to hold their ETH, this trend bodes well for the Ethereum price prediction.

Large investors are also leading the way, with whale wallets accumulating over 450,000 ETH since late April. As of May 10, these wallets hold 40.75 million ETH, the highest level since March.

This increased accumulation is putting pressure on the remaining ETH supply on exchanges, further shrinking the exchange supply and setting the stage for a potential price breakout.

Institutions are also making a strong presence, with U.S. spot Ethereum ETFs seeing $30 million in net inflows over the past month, based on SoSoValue data. Among them, BlackRock (NYSE:BLK) alone now holds $2.9 billion in ETH.

With regulatory clarity and ETF staking potential still under SEC review, the scenario for the Ethereum price prediction in June is looking increasingly bullish.

Analyst Explores Potential for ETH to Slingshot to $3K

According to analyst Ali Martinez, a move above the $2,588 resistance level could see ETH quickly surge to $3,000 and potentially even $4,000 if the momentum is maintained.

According to Martinez’s analysis, if the price breaks through the crucial resistance levels and manages to sustain itself above them, it could signal a strong bullish trend.

From Blockchain to Bank Account: How Remittix Is Redefining Global Payments In Real Time

As Ethereum approaches a new all-time high, the next wave of wealth will likely come from utility-driven projects like Remittix. Unlike traditional remittance systems that take days and charge hefty fees, Remittix allows users to pay fiat into any bank account globally using crypto—in minutes.

For instance, a freelancer in Argentina can now send their earnings in Ethereum to their mother’s bank account in India on the same day, utilizing Remittix’s local payment rail integrations. This eliminates the usual wait time and fees associated with SWIFT or wire transfers.

The simplicity of the user interface is a major highlight. Users simply need to connect their wallets, such as MetaMask, and select a recipient bank account. There are no complex forms or conversion headaches.

Remittix supports over 30 fiat currencies, making it a convenient option for digital nomads, expats, and freelancers working with clients across the globe.

Remittix Presale

The Remittix presale is rapidly approaching its conclusion, making it the optimal time for investors to engage. Today’s presale data shows that over $15.3 million has been raised.

At the current presale price of $0.0781, investors are advised to join the presale early before the next tier increase to $0.0811.

Many investors have also been drawn to Remittix’s passive income system, which offers token holders the chance to earn up to 8% APY on their tokens via staking.

With a limited token supply of 1.5 billion RTX and 50% allocated to the presale, scarcity is a core aspect of the ecosystem. This means early buyers benefit from transparent, deflationary tokenomics with no threat of inflation over time.

Discover the future of PayFi with Remittix by visiting their presale:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix