Amid a quiet period in the cryptocurrency market, investors are seeking new opportunities. Ethereum (ETH) and Toncoin (TON) have gained attention as transaction volumes for these coins increase on ChangeNOW, a platform for exchanging cryptocurrency without registration. This surge suggests that savvy investors and large holders concerned about fund safety are accumulating these coins, hinting at potential future growth.
Ethereum’s Upward Momentum Signals Potential for Continued Growth
Source: ChangeNOW
Ethereum is currently trading between $3325 and $3566, showing a 1-week price increase of nearly 5% and a substantial 1-month rise of over 35%. The Relative Strength Index (RSI) stands at 39.47, indicating that the cryptocurrency is approaching oversold conditions. The nearest resistance level is at $3770, with a second at $4242. Breaking through these could lead to significant gains, potentially exceeding a 20% increase from current prices. The 10-day and 100-day Simple Moving Averages are both just above $3400, suggesting steady upward momentum. Market indicators point toward bullish influence, hinting at the possibility of Ethereum reaching new heights in the near future.
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Toncoin Gains Momentum: Potential for Further Growth Ahead
Source: ChangeNOW
Toncoin’s price has been rising, moving between $5.36 and $6.77. In the past week, it increased by 7.94%, and over the month, it’s up 22.26%. The nearest resistance is at $7.39, and if surpassed, it could reach $8.80, suggesting a possible gain of over 20%. The 10-day simple moving average is $6.17, slightly above the 100-day average of $5.99, indicating upward momentum. Though the RSI at 40.61 and MACD are slightly bearish, the overall trend seems positive.
This setup may interest those considering Toncoin, which can be traded on ChangeNOW with no registration or hidden fees.
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Conclusion
In summary, Ethereum and Toncoin offer distinctive opportunities for investors and traders during this market pause. Ethereum remains a leading platform for decentralized applications and smart contracts, showing strong potential for growth. Toncoin, linked with the Telegram network, is attracting attention due to its innovative features and growing ecosystem. For those interested in these coins, ChangeNOW provides an excellent platform to exchange, buy, or sell them without hidden fees or the need for registration. This enhances security since user funds are not stored on the platform. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW simplifies the process for all users.