Ethereum ignited a recovery wave after slipping below $2,500, underperforming Bitcoin. The large-cap altcoin tested the $2,120 region and swiftly began its recovery wave. Notably, ETH surpassed the $2,500 and $2,550 resistance levels and climbed above its 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. However, the bears have become active near the $2,900 region. Similarly, Ripple has experienced selling pressures that triggered a price drop.
However, it recovered amid the broader market relief rally, with the bulls now eyeing the $3.00 psychological level. Meanwhile, DTX Exchange (DTX) has gone against all odds to rise to the top, with its value soaring by 700% and amassing more than 550K wallets. The driver behind this growing demand can be attributed to its hybrid model that blends the finest aspects of centralized and decentralized exchanges into a single platform.
Ethereum Price Recovery Faces Hurdle At Key Barriers
Amid the broader market crash, Ethereum slipped to lows below the $2,500 level and even failed to clear the 61.8% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. Notably, the large-cap altcoin formed a short-term declining channel with resistance at the $2,800 region on its hourly chart. The token has been hovering below its 100 hourly SMA and $2,880.
If the ETH token continues to decline and close below $2,359, it could extend its downtrend to test its weekly support at $1,905. Ethereum’s relative strength index is nearing the oversold territory, suggesting bearish dominance. Meanwhile, its MACD has signaled a bearish crossover, indicating an extension of a bearish trend. However, if the ETH crypto recovers, it could steer towards the $3,000 level to extend its recovery.
A strong weekly close above the $4,100 resistance could see ETH pull off a mega rally to reach a new all-time high of $7,000. This target is obtained by measuring the distance between the triangle’s lowest and highest point and forecasting it upward from a potential breakout level. Meanwhile, Ethereum saw increased buying activity following the market crash, with spot Ethereum ETFs recording net inflows of $83.60 million per Coinglass data. On the traditional crypto market, investors withdrew over 250,000 ETH tokens from exchanges in the last two days, according to CryptoQuant’s data.
XRP Bulls Are Eyeing The $3.00 Psychological Level
Since the crypto market crash, XRP investors have realized nearly $2 billion in profits in the past three days. The sell-off was dominated by whales across the long-term and short-term holders, as indicated by spikes in the whales’ transaction count and Dormant Circulation. This triggered the XRP’s Weighted Sentiment to lows last seen in November. Its funding rates have also decreased to lows last seen in August. Notably, it’s crucial to point out that prices usually go in the opposite direction when such high negative sentiments drive the masses.
This could partly be why the XRP token staged a comeback, gaining over 30%. However, XRP bulls must strengthen their comeback. XRP’s open interest has failed to rise with the market recovery after declining from 2.05 billion to 1.50 billion XRP. This low interest suggests investors might be reluctant to hold a long position in the XRP token. Meanwhile, the total amount of liquidated long and short positions are $74.67 million and $28.28 million, respectively.
Notably, the altcoin is looking to reclaim the $3.00 psychological level. A successful close above this level could set the stage for a rally toward its seven-year high of $3.40. However, it faces a descending trendline resistance, which has been expanding since January 16. If the XRP token clears this resistance alongside the $3.40 level, the XRP coin could rally toward a new all-time high above $3.55. Its RSI and Stoch are pointing upward, with the latter climbing above its neutral level, indicating a rising bullish momentum.
DTX Exchange (DTX) Shines In Its Presale Frenzy
While Ripple and Ethereum continue to navigate broader market turbulence, DTX Exchange (DTX) has signaled itself as the new benchmark for exchange platforms with its distinctive, innovative offerings. The project introduces a hybrid protocol that has merged the finest aspects of centralized and decentralized exchanges into a single platform. Through this approach, DTX has bridged the gaps between the two. While the custody portion is fully decentralized, the platform’s performance mimics centralized exchanges.
This is efficiently executed by its complete on-chain order book, which enables anyone to verify buyer and seller orders. DTX has over 120,000 financial instruments available for traders to access, including equities, bonds, ETFs, currency, and cryptos. Furthermore, DTX Exchange offers complex tools like algorithmic and quantitative trading, enabling users to trade quickly and strategically in every financial market.
DTX Exchange runs on the VulcanX blockchain, which operates at 200,000 transactions per second (TPS), challenging Solana’s 65,000 TPS, often praised for speed. So far, DTX Exchange is in the final stage of its presale and is selling for only $0.16. However, it is expected to climb to $0.20 post-presale launch, presenting an intriguing 25% increase for early adopters. Meanwhile, presale holders have enjoyed a 700% pump, highlighting DTX’s long-term prospects.
Crypto Tokens To Watch in 2025: DTX, XRP and ETH
While Ethereum faces hurdles in critical levels and XRP price eyes the $3.00 psychological level, the DTX exchange focuses on speed, fairness, and accessibility, addressing real issues in crypto trading. Its presale momentum is not just about FOMO but genuine excitement for the project that could democratize DeFi. With the 2025 DeFi wave on the horizon, DTX might be the go-to platform for hybrid trading.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.