Key Insights
- Ethereum is currently performing well on the weekly timeframe.
- A crash looks imminent if the cryptocurrency fails to reclaim the upper trendline of a descending channel soon.
- Yeti Ouro remains unscathed by the general market’s ups and downs.
- Its combination of mem coin technology, Game-Fi, and investor interest easily make it the next 100x altcoin.
The crypto market looks pretty interesting so far, especially with bullish price action. Ethereum, in particular, has been green over the last day and week after breaking above the crucial $3,000 price level for the first time since breaking below on 2 August.
At the time of writing, the ETH cryptocurrency is green on the weekly timeframe.
While established cryptos like ETH have been performing well recently, Yeti Ouro (YETIO), a newcomer, has also drawn significant attention. Raising over $260K in the first presale stage, this meme coin showed that it might skyrocket after launch.
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Keep on reading to learn why YETIO might become one of the top meme coins in the future.
Ethereum
According to data from CoinMarketCap and CoinGecko, Ethereum is registering nearly 30% in gains over the last week. The cryptocurrency is slightly on a downer on the daily timeframe, but has only slumped by less than 1%.
According to the charts, Ethereum is currently on the verge of hitting the upper trendline of this descending channel, as illustrated:
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If the ETH bulls can push prices into a break and close above the $3,200 price level, things might become even more bullish for Ethereum. Investors generally expect to see a consolidation after the break above this formation, after which the price outlook will turn out even better.
However, if Ethereum fails to break above that price level, two things are bound to happen:
The cryptocurrency will likely reverse for a retest of its 25- and 99-day EMAs (which are currently on the verge of a golden cross around $2,600.
On the other hand, Ethereum, the aforementioned golden cross, could also be a bullish signal. It could signal a consolidation before another “send” to the upside.
New Popular Utility Meme Coin Yeti Ouro
In an otherwise turbulent market, Yeti Ouro emerges as a source of stability for investors. YETIO is currently in the first stage of its presale and is already gathering massive investment.
Investors are capitalizing on its reasonable price of $0.012. They are also jumping on the ongoing 10% discount on purchases that YETIO offers early adopters.
This relatively new Ethereum-based memecoin has only spent around three weeks in its presale phase. However, it has managed to gather an impressive $255,805 in presale volume. Thousands of investors have now stacked millions of tokens.
More than being a mere speculative asset—or even a store of value: Yeti Ouro comes with massive real-world use cases. It is the native cryptocurrency of the incoming racing game called Yeti Go. This game combines the elements of gaming and crypto into an exciting high-octane experience.
Gamers of varying skill levels can compete against one another in races where the objective is to reach the finish line first. Yeti Go’s integration with Unreal Engine 5 and FMOD also ensures that players anywhere can enjoy exciting and immersive gameplay.
Website: https://yetiouro.io/
X (Formally Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
