Hovering just below critical resistance levels, the Ethereum price is currently at a crucial juncture where a potential rejection might drive the token below $4,000 once again, but a further recovery could pave the way for a 20% upswing in the altcoin’s value.
Key Levels For The Ethereum Price
Earlier this week, the Ethereum price fell to $3,800, its lowest level since August of this year. This resulted in demand in the $3,800 range, which served as a liquidity sweep, absorbing mounting selling pressure and triggering a fast recovery to just above $4,000.
Market expert Ted Pillows stated in a social media post on X (previously Twitter) that there has been an increase in activity and short-term demand around this level, indicating a good response from investors. However, the situation remains precarious until the Ethereum price regains the $4,060 level.
The $4,060 region has now transformed from a support level to a resistance barrier. A daily close above this key level could result in a shift from resistance to support, potentially propelling the Ethereum price towards $4,265 and subsequently $4,750 if buying momentum persists, just below the $4,900 record.
The Industry’s Most Anticipated Presale
Despite short-term pricing challenges for the market’s top altcoin, investors are now turning their attention to what may be one of the most successful and sought-after token presales in the industry.
The PayDax Protocol (PDP), dubbed by experts as the “people’s DeFi bank,” is garnering significant institutional support, and interest, while offering solutions, utility, and transparency as cornerstone traits, all of which lead to its enormous success.
Currently in stage one of the token presale, the PayDax Protocol (PDP) has attracted investors from over 20 countries and has now more than 10,000 users. PayDax, a bridge between traditional finance and cryptocurrency, is pioneering fully decentralized banking and insurance services on the blockchain, challenging the traditional financial sector.
Empowering Investors Through Decentralized P2P Ecosystem
Traditionally, banks have exercised power over financial transactions, determining borrowing terms and interest rates that offer little to no yield, while excluding many people from the financial system. However, the PayDax Protocol (PDP) is transforming these patterns through its fully decentralized peer-to-peer (P2P) ecosystem.
With PayDax’s technology, borrowers can use crypto or tokenized real-world assets (RWAs) as collateral, while lenders earn high rates across several layers. Stakers participate in loan insurance through the Redemption Pool, which is facilitated by smart contracts and transparent marketplaces, thereby removing intermediaries.
For example, PayDax allows users to borrow against a wide range of assets, including crypto, gold, real estate, and luxury products, with customized loan-to-value ratios based on risk profiles.
Industry Giants Back The PayDax Protocol (PDP)
PayDax ensures security and transparency by collaborating with major industry giants such as Chainlink (LINK) for asset pricing, Brinks for collateral security, Sotheby’s for tokenized asset validation, and Onfido for know-your-customer (KYC) verification.
QuillAudits, Hacken, and Assure DeFi, perform continuous smart contract audits for the PayDax Protocol (PDP), which, along with multi-sig wallets via Gnosis Safe, demonstrate their commitment to security, responsibility, and global compliance.
Users will also benefit from additional support from the protocol’s fully doxxed team, which is uncommon in the DeFi industry, especially for projects still in development. The executive leadership consists of CEO John Richardson, CTO Callum Waterstone, and CMO Matej Petrik.
Experts Foresee 1,000% Returns By Simply Holding PDP
The ongoing presale offers PDP tokens at a starting price of $0.015, with additional stage-based price rises, upcoming exchange listings, and secured infrastructure partnerships paving the way for exponential development.
Experts foresee significant gains for PDP holders, with potential returns of up to 1,000% with a potential valuation rise to $0.75 by year’s end. To take advantage of this opportunity, investors can participate in the presale using the promo code PD80BONUS to receive an 80% bonus.
Join the PayDax Protocol (PDP) presale Today.
Join Paydax Protocol (PDP) presale | Website | Whitepaper | X (Twitter) | Telegram
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