Ethereum’s price is $3,088, registering a 17% dip last month, signaling reduced open interest in the world’s second-largest cryptocurrency by market cap. It seems that ETH’s price has encountered significant resistance from the bears at the $4,000 mark right after ETH surged 69% from lows of $2,414 in November last year.

With the token’s price now seeking support at the $3,000 zone, the bulls are holding strong even though volume is dwindling as the Relative Strength Index (RSI) indicates that the Ethereum price is nearing oversold regions. According to analysts, Ethereum’s value could still rebound, even though the token has dipped 10% from its New Year’s peak.

Whales are now looking for new altcoins, such as Lunex Network, whose LNEX presale has raised over $6.3 million. Lunex Network is disrupting DeFi with its hybrid DEX and aggregator designed to facilitate deep liquidity for DeFi traders.

Lunex Network gains open interest as investors raise over $6.3 million

Lunex is leading the charge among new altcoins in the DeFi space thanks to its Lunex Network, which is built to enable effortless cross-chain asset transfers that are not only fast and secure but entirely non-custodial.

As the DeFi sector expands, revenue is expected to peak past $370 million this year, and user numbers are also growing, with forecasts pointing to DeFi users amounting to 53 million in 2025 alone. With these growth estimates, Lunex is set to lead the charge, outpacing other new altcoins in the sector, as seen by the increasing popularity of its ongoing presale.

With Lunex, DeFi traders get the advantage of trading with institutional-grade liquidity, thanks to Lunex’s aggregator, which searches multiple chains to find deep liquidity pools. Most of DeFi is made up of disparate chains, with some having more liquidity than others. Lunex’s hybrid approach combines both on-chain and off-chain elements, giving traders an intuitive platform that is not only easy to navigate but also quite affordable in terms of network fees.

Lunex traders can expect zero slippage and minimal network fees as each transaction is split across multiple DEXs for the best prices.

ETH’s price stagnates as bears take control

Ethereum’s rally from lows of $2,414 saw most holders anticipate further upside towards $5K. While ETH’s price surged all the way past $4,000 in December last year, it quickly registered a 24% price correction, dipping to lows of $3,100. Its value has since rebounded, and is now changing hands at the $3,225 level after a New Year uptick above $3,600.

Even so, the bears are taking control of ETH’s price, as seen by its sideway momentum. Whales are starting to look at new altcoins as ETH’s bullish momentum slows down.

ETH’s price stagnation and greater bearish pullback signal a cautious move by traders and investors in the current market.

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Conclusion

The Ethereum price is moving sideways at the moment, with most onlookers anticipating further downside now that Bitcoin price is below $100K. ETH’s previous bullish momentum has somewhat cooled off, with an increasing number of ETH holders anticipating price stagnation. Even ETH whales are now looking for new altcoins with greater potential, as seen with Lunex’s growing popularity. Lunex’s LNEX token could easily surge over 100% this 2025, making it a leading altcoin in the DeFi space.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork