Ethereum price predictions are forecasting an easy 2x from ETH’s current price of $2,557. 

If ETH manages to establish support at the $2,200 zone, market watchers anticipate a second leg up that could see ETH surge past $5,000. Institutional players such as BlackRock are already quietly scoping up tons of ETH, the latest being a purchase worth over $160 million. 

And Ethereum is not the only one rising. An emerging ERC-20 token called Remittix RTX is also gaining traction, with its presale raising over $15.7 million in a brief spell. Here is a breakdown. 

Increased capital inflows from established institutions not only increase liquidity for a cryptocurrency while reducing volatility but also boost the credibility of the cryptocurrency. In this case, Ethereum is well on its way to gaining even more market dominance now that BlackRock has bought up over $160 million worth of ETH. 

While Ethereum’s price has dipped 27% over the last year, recent developments have sent bullish signals across the markets as analysts set bullish Ethereum price predictions. 

Image Source: coingecko

Compared to most altcoins, Ethereum’s price movements are notable, especially after ETH breached the $2,800 barrier for the first time since February this year, when ETH entered a downturn only to rebound from lows below $1,500.

Image Source: TradingView

On a weekly timeframe, Ethereum is in the process of forming a bullish setup that could see ETH soar to highs of $10,000. At the moment, analysts are eyeing the $2,200 zone as the necessary support zone for an uptick past $2,800. However, if the bulls sustain the upward streak, ETH could flip the $2,800 zone into support for an uptick past $4,000 in the coming weeks. 

Emerging bullish Ethereum price predictions reveal a long-term bullish continuation pattern forming around ETH as analysts set a potential 428% upside for the leading altcoin. Ethereum’s network advancements are attracting some serious ETF inflows, and with increased institutional participation, Ethereum’s price predictions will only grow more bullish. 

As altcoin season nears and as bullish Ethereum price predictions emerge, analysts are carefully watching an emerging Ethereum token called Remittix. This PayFi token has seen its presale raise over $15.7 million. 

RTX has registered a meteoric price uptick of over 420% from a presale entry price of $0.015 to its current rate of $0.0781. Remittix is pioneering a revolution in PayFi and cross-border payments. Its platform rivals the likes of XRP in that while XRP serves institutional players, Remittix caters to individual crypto holders and small businesses. 

Remittix is on track to reinvent cross-border payments using a simple PayFi protocol that allows users to send funds to the recipient’s bank account directly from their crypto wallet. Merchants can also accept crypto payments from their customers at near-instant speeds and negligible fees. 

Remittix is leading the charge in a remittance market projected to be worth over $250 trillion by 2027. Remittix’s simple and intuitive approach has seen analysts forecast a potential uptick of over 5,000% for RTX at launch.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix