ETH reaches an important milestone as analysts predict a rebound during the upcoming altcoin season. Discover the crypto to hold for the upcoming bull run.
Ethereum (ETH) tests crucial $2,800 support as a seven-day dump comes to a head. Analysts speculate on the direction ETH could take from here. One expert says Ethereum’s dip is a precursor to an altcoin season. Come along as we examine the altcoin that will benefit the most from the coming altcoin surge.
What Experts Are Saying About Ethereum’s Latest Slump
ETH has been falling all week, from just over $3,200 to around $2800. Analysts say this level is a critical support for the top altcoin, and it could dip much further if it falls below $2,800. Michael Van de Poppe, founder of MN Trading, says that a fall below $2,800 could drive Bitcoin below $60,000. However, he adds that if ETH remains above this crucial support, it could be “party time.”
Meanwhile, another analyst, Crypto Wealth on X, says $2.700 is the key price for ETH. However, Poseidon thinks “the price should sweep the 2800 lows and test the weekly demand, $2500-$2700.” He argues that ETH could fall below $2,300 and remain around this level until September 2024.
Based on the above analyses, we can infer that ETH holders are in for a rough period. However, every expert agrees that ETH will eventually rebound, although it remains to be seen how far the altcoin will fall.
Analysts have predicted an altcoin season for later this year. They believe this pump will be the main installment of the predicted 2024/2025 bull run. Ethereum is expected to rise above $6,500 during this period. Another altcoin, RCO Finance (RCOF), is also expected to soar at this time.
RCO Finance Set To Benefit From Altcoin Season
RCO Finance has gotten experts’ attention as the altcoin surges during the coming bull market because of its revolutionary offerings, sound tokenomics, lucrative presale, and strong growth potential.
The protocol is primarily an AI-powered decentralized trading platform that allows crypto natives to trade real-world assets (RWAs), such as commodities, real estate, stocks, bonds, etc, with their crypto tokens. This platform eliminates brokers, provides up to 50x leverage, has low fees, and gives the trader total control of his activities.
RCO Finance integrates AI into its trading platform with its robo advisor. This advisor utilizes advanced algorithms and machine learning techniques to analyze market trends, identify opportunities, and generate trading insights. These insights help traders earn more profits, reduce the time spent watching the market, and eliminate the effect of human bias on trading.
In addition to this core offering, RCO Finance lets traders lend their tokens to earn interest. They can also use their tokens to provide liquidity for the trading pairs on the platform and earn rewards.
Furthermore, RCO FInance’s users can trade perpetual derivatives like futures, options, swaps, and ETFs. They also get access to a debit card that can be used for transactions across the decentralized and traditional financial systems.
Importantly, RCO Finance’s no-KYC policy and audited smart contracts ensure privacy, safety, security, and reliability.
Purchase RCOF TO Enjoy Massive Gains And Other Perks
RCO Finance’s tokenomics and presale are integral aspects of the protocol, ensuring it will be one of the top altcoins during the coming bull run. RCOF is the project’s native token. It boasts a total supply of 800 million, with public sales receiving 50%.
The remaining half is shared between ecosystem rewards, liquidity/market-making, marketing, private sales, the team, advisors, and ecosystem rewards.
The token is sold for $0.0343 in Stage 2 of the ongoing presale. Investors who buy RCOF now will earn a massive 1,066% profit when the token launches at $0.40.
Other benefits of holding RCOF are significant discounts on trading fees and voting rights on governance proposals. They can also earn up to 88% APY from staking their tokens. Finally, they will earn dividends based on the number of tokens they hold.
For more information about the RCO Finance Presale:
