Will Ethereum Drop? 1.8M Addresses Bought 52M ETH at $2,350

Will Ethereum Continue to Decline as Lunex Network Gains Momentum?

Ethereum faces a potential decline as Lunex Network gains traction in the crypto space. Recently, 52 million ETH were purchased by over 1.8 million addresses at the $2,350 price point, leaving investors with mixed sentiments. The growing prominence of Lunex Network, with its innovative features and enhanced scalability, has raised speculation about whether Ethereum’s dominance is at risk. This dynamic situation prompts questions regarding ETH’s future trajectory, especially as new competitors like Lunex Network emerge rapidly.

Can Ethereum (ETH) Break Free from Pressure?

Ethereum is currently under pressure, having recently dropped below $2,400 and falling around 10% in the past week. However, an intriguing development is unfolding — approximately 1.8 million addresses have acquired 52 million ETH at an average cost of $2,350. This significant accumulation indicates that this price point might serve as a crucial support level.

Traders are closely monitoring the $2,350 mark, which is near key Fibonacci retracement zones. If Ethereum can rebound from this support, it might challenge higher resistance levels above $2,800. However, a dip below this threshold could trigger panic selling, with analysts predicting further losses below $2,100 or even $1,800.

With the substantial accumulation at the $2,350 price range, market participants are eagerly waiting to see if Ethereum can regain strength and reverse its downtrend.

Why Are Crypto Traders Flocking to Lunex Network (LNEX)?

Crypto traders are flocking to the Lunex Network presale in large numbers. Experts suggest that $LNEX, the native token of Lunex Network, is currently one of the best cryptocurrencies to invest in, as it has the potential to yield over 100x profit for early investors.

This assessment is based on observations of Lunex Network’s presale Stage 1, during which all tokens sold out in just two weeks. The presale is now in Stage 2, with over 37% of the total tokens already sold, driven by its appealing entry price of $0.0013.

Key Features of Lunex Network

• Aggregation protocol for enhanced crypto liquidity
• Comprehensive portfolio management solution
• Access to numerous predictive analytics tools
• Opportunity for an 18% staking APY and other rewards

Lunex Network not only enhances crypto liquidity and simplifies trading but also provides a secure and user-friendly interface that helps it stand out against competing networks like Ethereum. For security-conscious users, Lunex Network prioritizes security and transparency by regularly conducting smart contract audits. Its interface allows for easy navigation without KYC checks. Additionally, the platform employs a deflationary mechanism to help sustain the value of its tokens over time.

With predictions indicating that $LNEX could soar by 100x by launch, now is the ideal time to join the Lunex Network presale at attractive prices. This is a unique opportunity to invest in a groundbreaking token poised to transform the trading industry. Lunex Network promises unmatched liquidity and seamless cross-chain capabilities. Don’t miss out on the chance to be part of this revolutionary platform!