SPONSORED POST* Recently, Ethereum moved out of an extended triangle pattern, which caused a demand surge and a massive price rally. However, as the bullish momentum fades, the price has slowed down. On X (Twitter), a crypto analyst (Poseidon) has suggested that Ethereum will continue rising and advised buying the dip. The surge in Ethereum is also expected to induce growth in other ERC-20 tokens, specifically PEPE and Cutoshi (CUTO). Let’s explore these altcoins further and analyze their return potential. Will Ethereum (ETH) Continue Rally To New ATH? The Ethereum price moved in a symmetrical triangle pattern for nearly three months. Ethereum recently broke out of this consolidation, surging over 40% in a week. However, after reaching the $3447 price level, it faced significant bearish pressure to drop to the $3013 support level. Since the last few days, Ethereum has fluctuated in a narrow price range and currently trades at $3,104.65. The Ethereum price has declined 0.7% in the last 24 hours, along with this price slowdown, the demand has also faltered, as indicated by the 22% drop in daily trading volume. As Ethereum corrects with decreased upward momentum, the price has moved below the 10-day Simple Moving Average (SMA) but trades above the 20-day SMA. An expert on X (Twitter) named Poseidon urges traders to buy the Ethereum dip before it regains momentum toward making a new All-time High. Pepe (PEPE): Price Corrects After Enormous Rally PEPE surged tremendously after breaking out of the consolidated price action, which had continued throughout the previous month. The PEPE price rallied over 200% within ten days, making a new ATH at $0.00002524 on 14 November 2024.  It’s been six days since PEPE reached the new ATH and the price has dropped more than 20% to trade at $0.00002041. PEPE has found support at the $0.00001883 price and faces immediate resistance from $0.00002061. As PEPE undergoes a price pullback, the MACD oscillator indicates decreasing bullish momentum since the differential line converges with the signal line. The PEPE price is moving out of the overpriced region, as indicated by the decreasing value of the Relative Strength Index, which is currently at 70. After the price correction, PEPE might regain the massive bullish momentum seen in the past few weeks to set a new ATH yet again. Cutoshi (CUTO): Ethereum Based Hybrid Meme coin Like PEPE, Cutoshi is also an ERC-20 token on the Ethereum blockchain. However, unlike traditional meme coins, Cutoshi offers a hybrid mixture of a fun meme coin community and practical, real-world use cases in its ecosystem. Cutoshi takes inspiration from Bitcoin and supports Satoshi Nakamoto’s vision of creating a democratized financial economy. To achieve its goal of spreading global adoption of DeFi, Cutoshi leverages the power of the meme community to go viral and reach the masses. It has incorporated various DeFi functionalities into its ecosystem to improve utility and practicality. The Cutoshi DEX (Decentralized Exchange) is a significant platform component and the heart of the ecosystem. The DEX is developed to be interoperable on multiple blockchains so users can swap their digital assets across various chains at unmatched speed and meager fees. Furthermore, Cutoshi has included a learning academy in the ecosystem to help newcomers adapt to DeFi. Through the Cutoshi Academy, users will receive engaging learning materials that simplify the complex Web3 and blockchain concepts so that the common man can participate in the decentralized economy. The native token CUTO serves as the primary currency, powering transactions within the platform. It is strategically capped at a total supply of 440 million tokens to keep the asset deflationary. Additionally, Cutoshi has buyback and burn mechanisms that decrease the token circulation, increasing the value over time. The CUTO presale has reached stage three and Cutoshi has raised over $900,000. The token value has increased throughout the presale and the current value is $0.0259 per CUTO. The token will continue to surge in further rounds, consistently compounding profits for early investors. For more information on the Cutoshi (CUTO) Presale: Home Join and become a community member:  Tweets by CutoshiToken https://t.me/cutoshi *This article was paid for. Cryptonomist did not write the article or test the platform.

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