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Ethereum rejected at crucial resistance level, NuggetRush meme coin presale generates demand

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The meme coin NuggetRush continues to gain traction and appeal to socially conscious investors as it enters the final stages of its presale..

As Ethereum was fighting to break the crucial $3,000 resistance level yesterday, investors were watching closely to see if it could finally break above and sustain those levels. While ETH did trade above $3,000 for a brief moment, the price eventually faced rejection there and has been trading below that key psychological level ever since.

Another bullish indicator is that the 200-day moving average is currently near $2,016 – this provides strong support since ETH hasn’t closed a daily candle below this average since 2023. The 200-MA works as a long-term trend indicator, and the fact that ETH is trading well above it implies the long-term trend remains firmly bullish.

As a reminder, Bitcoin ETFs gained approval by the SEC earlier this year. On the development front, the upcoming Dencun upgrade being tested on the Goerli testnet aims to drastically reduce gas fees on layer 2 networks through improvements like “proto-danksharding.” NuggetRush has plans to launch its own NFT marketplace where users can trade digital collectibles associated with the gaming world. Some of the unique NFTs offered include RUSHGEMS, which are tokenized virtual gems that can be found while playing the games. More impressively, certain RUSHGEMS can actually be redeemed for physical gold, directly linking the digital assets to real-world value.token ahead of the larger platform launch, having already raised over $2.2 million.

Source: Digital Coin News (digitalcoinnews.net)

 

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