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>>Ethereum (ETH) price grapples with support as fresh competition from a crypto poised to surge to $0.04 intensifies.

Ethereum (ETH) price grapples with support as fresh competition from a crypto poised to surge to $0.04 intensifies.

crypthub

6 days ago

Ethereum Market Outlook

Ethereum is stuck near $2,981 and cannot break the $3,050‑$3,060 resistance. Whales have sold over 270,000 ETH (~$793 M) in five days, adding heavy supply. This overhead supply limits upside and liquidity around $2,800 may act as a downside anchor. Technical analysis points to a likely correction.

Mutuum Finance Presale

Mutuum Finance entered DeFi with the MUTM token, now in phase 7 at $0.04. It has raised $19.6 M from 18,660 supporters. Early backing could yield a 35× return ($400 → $14,000) if the roadmap succeeds, while phase 8 will rise to $0.045. Daily leaderboards and a $100 k giveaway spur participation.

Growth Drivers and Utility

The project will launch a USD‑pegged stablecoin to power low‑risk lending. It offers 75‑80% LTV for ETH/USDT and 35‑40% for volatile coins, with automatic liquidation to protect the protocol. Real‑world use cases aim to draw institutional liquidity, fund buybacks and boost revenue. Compared with Ethereum’s scaling limits, MUTM is positioned for rapid DeFi growth.