Arbitrum Gains Bullish Momentum, While Ethereum Struggles
Arbitrum has recently picked up bullish momentum, but Ethereum is still facing bearish pressure, struggling to reach the $3,000 milestone. Meanwhile, Ethereum-backed GambleFi project Rollblock ($RBLK) is making waves, recording a massive 170% rally during its presale stages.
Can Arbitrum (ARB) Sustain Its Gains?
After several weeks of trading within a descending channel, Arbitrum is now testing key resistance levels that could spark a significant rally. With growing bullish sentiment from the Arbitrum community, analysts are speculating whether Arbitrum can hit the $1.50 milestone in Q4. Currently, Arbitrum is trading at $0.564, showing an impressive 11.78% intra-day increase.
Arbitrum has seen a surge in trading volume, rising by nearly 86% in the last 24 hours. Despite this positive momentum, the token has experienced a decline in large transactions, hinting at a potential drop in whale confidence. If the bullish trend continues, Arbitrum could solidify its position as a leader in the DeFi sector, with a total value locked (TVL) of $2.47 billion. However, if profit-taking ensues, the price could dip sharply to the $0.328 support level.
Ethereum (ETH): Bulls and Bears Battle for Control
Ethereum’s performance over the last five months has left investors disappointed, especially after projections of a bullish rally beyond the $3,000 mark. After a prolonged consolidation period, Ethereum continues to face bearish dominance, with the ETH/USDT chart showing downtrends since June. Currently, Ethereum is trading at $2,441.51, with a 6.17% intra-day surge.
The recent 55% increase in Ethereum’s trading volume suggests strong buying pressure. If this momentum holds, Ethereum could surge toward $3,000 in Q4. However, failure to sustain this level may lead to further declines, confirming bearish market conditions.
Rollblock ($RBLK) Closes in on 170% Gains During Presale
Rollblock’s GambleFi protocol is generating excitement ahead of Q4, with analysts predicting it could be the next 100x crypto by the year’s end. Rollblock ($RBLK) combines decentralized and centralized gambling, offering a unique, provably fair online casino experience.
Although still in presale, Rollblock has already raised over $3.7 million, attracting a diverse range of savvy traders, long-term holders, and high rollers. By leveraging Ethereum’s blockchain to encrypt every transaction and bet, Rollblock ensures fairness and eliminates third-party manipulation and bet-fixing.
Key Features of Rollblock ($RBLK)
- Ethereum-backed iGambling model for enhanced security
- No-KYC policy allowing anonymous sign-ups with wallet connections
- Native utility token ($RBLK) with staking rewards up to 30% APY
- Raised $3.7 million during presale
- Projected up to 800% gains before presale ends
Rollblock offers a seamless and private iGambling experience, with its native token $RBLK serving as the platform’s backbone. Long-term holders can benefit from up to 30% APY through the platform’s revenue-sharing scheme. Within just a few months, Rollblock’s price has surged by 170% to $0.027. Analysts expect up to 800% gains for $RBLK before the presale concludes, making this the perfect time to invest!
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