ETH Eyes Short-Term Relief Rally as Mutuum Finance (MUTM) Presale Nears Sell-Out
Ethereum (ETH) shows signs of a short-term recovery after stabilising near the lower edge of a longer descending channel and trading inside a rising corrective channel. Key resistance remains the top of the larger descending channel; a decisive break above $3,000 would open upside toward $3,216, while a drop below the short-term rising channel risks renewed declines. Meanwhile, DeFi lending project Mutuum Finance (MUTM) is in Phase 6 of its presale at $0.035 and is reported nearly 99% sold, having raised roughly $19.5–$19.6 million from over 18,550–18,560 participants; Phase 7 will raise the price to $0.04. MUTM promotes a two‑tier lending model, liquidity pools, mtToken rewards, Halborn-audited lending/borrowing contracts, and an imminent Sepolia testnet beta before mainnet. The report frames MUTM as a high‑growth, use‑case oriented altcoin with notable presale demand, and reminds readers the content is a press release — perform due diligence before acting. Primary keywords: Ethereum price, ETH technical analysis, MUTM presale, DeFi token presale.
Neutral
Short-term impact on ETH: neutral to mildly bullish. The technical picture describes a tentative relief rally inside a corrective channel; a sustained breakout above the larger descending-channel resistance (around the $3,000 level) would be bullish and could trigger a push toward $3,216. However, the presence of the larger downtrend and the clear risk of a breakdown beneath the short-term rising channel creates significant downside risk — keeping the immediate price outlook balanced. Impact of MUTM presale on market: limited to its own token. Strong presale demand and near sell-out increases probability of price appreciation for MUTM at listing, but this is an idiosyncratic, high-risk event that does not materially change ETH’s fundamentals or market-wide liquidity. For traders: expect potential short-term volatility in ETH around the $3,000 pivot — trade with defined stops and size accordingly. For altcoin traders, MUTM’s presale momentum may offer high reward but carries typical presale risks (lockups, listing slippage, centralization, marketing-driven demand); perform due diligence before exposure. Overall classification: neutral because ETH’s technicals point to both a credible relief rally and clear reversal risks, while MUTM’s effect is confined to its token.