Ethereum forecast downgraded to $3,500 according to Morgan Stanley

While DTX Exchange gains momentum, Ethereum’s price target reduces to $3,500. Discover why DTX Could be the biggest altcoin in the Ethereum ecosystem.

The Fed interest rate cut has negatively affected the cryptocurrency market, as major altcoins have corrected significantly. Due to the extended downturn, experts from Morgan Stanley have revised the Ethereum price target from $5,000 to $3,500 and advised diversifying into low-cap altcoins leading specific sectors.

Meanwhile, a new ERC-20 coin, DTX Exchange (DTX), has seen a huge capital influx despite the correction. It is the first hybrid trading exchange projected to lead the exchange sector in 2025 with its transformative features.

Can Ethereum form a new ATH?

The Ethereum price gained 46.11% in 2024, reaching a multi-year high of $4,106 in December. However, this high wasn’t sustained for long, as bears took control and lowered it below the base. While the price downgrade is negative news, the question now is whether the Ethereum price can obtain a new all-time high.

The ETH network demonstrated significant growth across multiple metrics in the ecosystem. The total staked ETH increased by 17% while adding 23.02 million new holders, bringing the total to 134.62 million. ETH’s TVL surged to 65.79 billion; on the same date last year, it was only $30 billion. Also, ETH ETFs have been a positive growth metric for the platform.

The Ethereum price has already reflected these developments, pushing it to near the ATH. In the short term, it is tough for the Ethereum price to reach fresh territory, but it will likely surpass the previous highs during the market action in the coming months.

ETH ETFs end the year with positive inflow

On Dec. 31, the last day of 2024, U.S. ETH ETFs saw a positive inflow of $36 million. While the Ethereum price has shown weakness in recent weeks, ETH ETFs have continued the positive inflow streak, taking the total AUM to $12.17 billion.

Only three major ETH ETFs saw movement, while others saw no flows. Notably, Fidelity’s FETH ETF saw a positive inflow of $31.80 million, while Grayscale ETH ETF saw an inflow of $9.80 million. The only ETH ETF that saw an outflow was Grayscale’s Ethereum Trust (ETHE), with $5.60 million outflow.

DTX Exchange entered 7th stage with 600% ROI

DTX Exchange is grabbing the most attention among the cryptocurrency community due to its unique dedication to the innovation of the trading system that goes beyond the traditional way of trade. It is done by combining the features of CEX and DEX into a single format that utilizes a unique platform architecture and advanced blockchain solutions.

Due to DTX Exchange’s hybrid model, investor interest has grown exponentially in the seventh stage of the presale. It has raised $11.20 million, and early investors have already obtained a 600% return on investment.

DTX’s innovative features:

• Launchpad for diverse assets: Availability of 120,000+ asset classes, including cryptocurrency, stock, forex, and CFDs.
• VIP rebate program: Through various programs, community members can create passive income sources. The VIP rebate programs share fee revenue with large token holders.

• Proprietary blockchain: DTX Exchange has built its proprietary VulcanX blockchain for enhanced speed and scalability. This blockchain has shattered previous records with 100,000 TPS.
• Innovative trading tools: DTX’s trading platform provides revolutionary features, such as 1,000x leverage, distributed liquidity pools, AI order execution, and advanced analytical tools, to increase traders’ efficiency.

Conclusion