Post-Halving Analysis: Can Ethereum Retest $3,500 Now? Expert Explains Price Trend On Ethereum As $MEDA Presale Surges

TLDR

• Ethereum’s (ETH) price may reclaim support or decline towards $2.5K.
• Milei Moneda ($MEDA) witnessed a remarkable surge in its ongoing presale.

With Ethereum (ETH) consolidating around the $3,000 support level following its recent halving event, experts are analyzing whether it can reclaim its previous high of $3,500. Meanwhile, Milei Moneda ($MEDA) continues to soar in its presale as it prepares for its highly anticipated Uniswap listing. Let’s explore why you should add these top altcoins to your investment portfolio.

Economize Like Milei: Invest in $MEDA!

Ethereum’s $3,000 Support Holds Firm Amid Market Uncertainty 

Ethereum’s price trajectory has recently been a subject of keen interest, with many wondering if it can reach the $3,500 level once again. Meanwhile, the daily chart of Ethereum shows a notable pattern of corrective retracements, culminating in the price finding support within a crucial zone.

Although the minor bullish RSI divergence suggests that the price could potentially reclaim the $3.5,000 support level, breaking below this critical support unexpectedly could set off a decline toward $2.5K.

Zooming in on the 4-hour chart, there is a formation of a descending wedge pattern during a multi-month consolidation correction. Following the halving event, the price reached the lower boundary of the wedge and found support around the $3,000 mark. This has resulted in a consolidation phase characterized by minimal volatility, indicating the presence of buying pressure within this crucial range.

Experts are closely monitoring the funding rates to gain further insights into the market sentiment and the driving factors behind Ethereum’s price movements. As ETH prices dropped, funding rates declined, and many future positions were liquidated during the downtrend.

Consequently, the market is now primed for long positions to re-emerge, potentially causing prices to pump upwards again.

Milei Moneda Presale Surges Ahead With a Strong Investor Interest

While experts analyze Ethereum’s price trend and potential impact on the market, the remarkable momentum gained by Milei Moneda’s native token, $MEDA, in its presale phase cannot be ignored. Known for its vibrant community and promising growth prospects, Milei Moneda has quickly established itself as the best crypto to buy for investors seeking substantial returns.

Milei Moneda sets itself apart with its commitment to minimizing trading fees. With a 0% tax system in place, Milei Moneda ensures that investors can trade and transact with minimal financial burden. This aspect makes it the best crypto for beginners as well as seasoned investors seeking cost-effective opportunities.

Unlike many other meme coins that rely solely on internet hype, $MEDA sets itself apart by placing a strong emphasis on community engagement and establishing partnerships with influencers. This strategic approach underscores $MEDA’s commitment to long-term viability and sustainability, indicating that it aims to transcend the short-lived popularity often associated with meme coins.

Currently, Milei Moneda tokens are available in Stage 2 of the public presale at an altcoin price of $0.0125. As the presale progresses to Stage 3, the value of $MEDA is expected to rise to $0.015. With its anticipated launch on Uniswap fast approaching, Milei Moneda aims to establish a solid presence in the market by listing at a DeFi coin price of $0.020.

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