The crypto market is swiftly rebounding after a slow start to the week. Ethereum and Avalanche are regaining their positions, while Lunex Network emerges as a promising market contender.
Ethereum Situation: Volatility and Forecasts
Ethereum began 2025 on a bearish note, losing over 11% in value last week. The rising supply of Ethereum, currently increasing by 0.35% over nine months, raises concerns as it edges closer to pre-Merge levels, contradicting previous deflationary expectations. Nevertheless, some analysts remain optimistic, forecasting a surge to $8,000 or even $10,000, provided critical support above $3,200 is maintained. At the time of writing, Ethereum trades at $3,223 after a 3.3% intraday surge.
Avalanche: Consolidation After Rebound
Avalanche faced persistent selling pressure over the last week, showing a bearish trend of declining patterns. However, sellers appear exhausted as Avalanche rebounded by 6.5% and is currently consolidating around the $36 mark. Avalanche’s RSI indicator is nearing oversold levels at 35, suggesting a potential short-term reversal.
Lunex Network: A New Star on the Horizon
Lunex Network takes cross-chain interoperability to new heights, integrating all major blockchains seamlessly. Users can swap more than 50,000 assets at nearly instantaneous speeds. The platform does not require KYC and is entirely non-custodial.
Thus, the crypto market shows signs of recovery with players like Ethereum and Avalanche strengthening their positions. Lunex Network is emerging as a promising platform with innovative approaches to cross-chain integration.
