The Ethereum ($ETH) price is rebounding, with the token up almost 6% in the past 24 hours.
Ethereum’s rise mirrors that of the crypto market as a whole, with traders now debating which factors are prompting the bullish sentiment.
Meanwhile, decentralized freelancing platform DeeLance ($DLANCE) continues to make waves in its presale phase – and has now raised over $1.3 million from early investors.
Promising Signs for Ethereum As Bullish Momentum Builds
Ethereum is hovering around the $1,812 region after posting a bullish close in five of the last six days.
This level of sustained momentum hasn’t been seen since mid-March – with Ethereum bulls now hopeful that it can continue into July.
At the time of writing, $ETH has just breached the crucial resistance zone at $1,800, which previously acted as support throughout May.
Additionally, Ethereum has broken above the 20-day Exponential Moving Average (EMA) on the daily time frame, indicating that the short-term trend has shifted from bearish to bullish.
$ETH holders will need to be aware of the resistance region around $1,900, which is now fast approaching.
Ethereum hasn’t traded consistently above this region since mid-April – so a clear break above $1,900 could signal a positive shift in investor sentiment.
Huge $ETH Trading Volume Hints at Pending Breakout
An upwards break looks increasingly likely, given that data from CoinGecko reveals $ETH trading volume reached nearly $10 billion in the past 24 hours.
This huge figure demonstrates the renewed interest from investors, which is driving Ethereum’s current price movements.
Notably, there isn’t any specific news related to Ethereum that can be identified as the direct cause of its recent price increase.
Instead, the token is benefitting from a broader uptick in optimism around the cryptocurrency market, sparked by the Fed’s recent decision to pause interest rate hikes for the first time since March 2022.
This is viewed as a bullish signal for Ethereum (and other cryptos) since it increases the likelihood of a rate decrease in the next 6-9 months – which would make crypto assets more appealing to investors.
Ultimately, the future trajectory of Ethereum’s price still hangs in the balance – yet recent signs suggest potential for continued growth and momentum.
Which Altcoins Are Matching Ethereum’s Price Surge?
As Ethereum experiences a surge in interest, several other coins are mirroring this positive trend.
One of these coins, DeeLance, stands head and shoulders above the rest – with investors clamoring to get involved in the project’s ongoing presale phase.
DeeLance Aims to Transform the Gig Economy & Raises Over $1.3m
DeeLance ($DLANCE) is a brand-new Web3 platform that looks to revolutionize the burgeoning gig economy.
By leveraging the power of the Ethereum blockchain, DeeLance seeks to create a secure, transparent, and low-cost environment for clients and freelancers to interact.
Aiding in this mission is DeeLance’s integration of crypto payments and NFTs, which helps users manage work ownership and eradicate payment disputes.
Per DeeLance’s whitepaper, the platform will also include a rich metaverse where clients and freelancers can collaborate in an immersive way.
This metaverse will include a lobby area and virtual office space – the latter of which can be rented out by users to hold meetings and review work.
All of DeeLance’s features are underpinned by $DLANCE, the project’s native ERC-20 token.
Freelancers will be paid in $DLANCE, which allows for numerous benefits, including instant payouts – something that isn’t possible on centralized freelancing platforms like Fiverr and Upwork.
Early investors can purchase $DLANCE tokens ahead of DeeLance’s launch through the ongoing presale phase.
This presale phase has already accumulated more than $1.3 million in funding – with DeeLance’s Telegram channel also seeing an exponential increase in members.
With $DLANCE tokens still on offer at a discount compared to the projected listing price, this exceptional opportunity is drawing substantial attention from investors who are eager to participate in a transformative change in the freelancing industry.
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