The recent rise in Ethereum prices has led to a temporary cooldown in its momentum. Analysts highlight investor interest in AAVE and Remittix under current market conditions.
Ethereum Price Prediction
Recent Ethereum price predictions are confirmed by stable market signals. With the 50-day moving average almost $400 above the 200-day, the upward trend is expected to continue. The RSI has dropped from 80 to 74, alleviating overbought conditions while maintaining bullish sentiment. Since the beginning of the week, nearly 82,000 ETH have been sent to self-custody addresses, and analysts suggest Ethereum targets between $3,500 and $3,750.
Investor Interest in AAVE
In light of cooling ETH prices, whale investors have been accumulating AAVE, with 410,000 tokens acquired in recent days. Anticipation for the Q3 V4 launch, which pools liquidity across 34 networks and reduces borrowing costs by 30%, is driving interest. Open interest in AAVE has hit a record $1.44 billion. Analysts agree that AAVE's development of GHO stablecoin markets makes it a project with attractive long-term potential.
Prospects of Remittix
As the market prepares for the next boom, Remittix is gaining trader attention for its capabilities in cryptocurrency-to-fiat conversion. The project allows global access with low transaction fees. An addition of a non-custodial wallet is expected, allowing real-time conversions of ETH, BTC, SOL, and AAVE to fiat. Recently, the project received a security certification from CertiK following a full smart contract audit.
Overall, the current state of the cryptocurrency market, including Ethereum's growth, interest in AAVE, and the development potential of Remittix, sets a favorable stage for investments and growth in the near future.
