ETH Falls Below $4,000; MUTM Raises $17.85M, 45x Upside

Ethereum’s price slipped below $4,000 to around $3,778 amid mixed momentum, forming a bullish wedge that could trigger a 6% rally if volume confirms a breakout above $4,013. Short-term indicators remain cautious—RSI under 50 and a bearish MACD cross—while long-term sentiment is underpinned by Layer-2 growth and institutional inflows. Meanwhile, Mutuum Finance’s MUTM presale has sold over 75% of its Phase 6 tokens at $0.035, raising $17.85 million from more than 17,400 investors. The dual-lending DeFi protocol, backed by a 90% CertiK audit and a $50,000 bug bounty, plans Phase 7 pricing at $0.04 before a $0.06 launch, implying up to 45× gains post-listing. Traders should monitor ETH’s key levels and consider securing MUTM tokens for potential outsized returns.
Neutral
Short-term technicals for ETH are mixed—RSI under 50 and a bearish MACD cross suggest retracement risk, while a bullish wedge offers a 6% rally setup above $4,013. Long-term fundamentals remain positive, supported by Layer-2 expansion and institutional inflows. The MUTM presale success highlights appetite for high-upside DeFi tokens. These conflicting signals on ETH’s price action balance out to a neutral market impact, though traders may find opportunity in both ETH breakouts and MUTM’s potential gains.