Ethereum News Today: Ethereum Eyes $4,200 as Mutuum Finance Token Rises 16.67% in Presale Phase 6

Ethereum is drawing increasing attention as analysts highlight the potential for its price to reach $4,200 amid rising activity in the DeFi space. This bullish sentiment is largely attributed to the emergence of a new ERC-20 DeFi token, which is projected to rally as much as 7,700% [1]. The token, known as Mutuum Finance (MUTM), has already attracted over 14,800 investors and raised more than $13.9 million through its presale rounds [2]. The project is currently in Presale Phase 6, where the token price stands at $0.035, a 16.67% increase from the previous phase. The upcoming Phase 7 is expected to see a 14.29% price increase to $0.04, with early investors potentially achieving a 71.43% return once the token officially launches at $0.06 [3].

While Ethereum’s price remains near $3,860, it has formed a strong base above key support levels between $3,700 and $3,750. Technical indicators point to a positive outlook, with rising open interest, increased whale activity, and ETF inflows suggesting potential movement toward the $4,000–$4,200 range in the near term. Some analysts have even speculated that continued institutional demand and staking activity could push ETH as high as $5,000–$6,000, or even $7,000–$8,000 [1]. However, near-term resistance at $3,900–$4,000 and overbought RSI levels may lead to a period of consolidation before further gains materialize.

Mutuum Finance is gaining traction as a utility-driven protocol within the Ethereum ecosystem. The project has implemented a USD-backed stablecoin and secured a 95.0 trust score from CertiK, a leading blockchain security firm. Additionally, it has launched a $50,000 USDT bug bounty program to further ensure the security and robustness of its platform. A $100,000 token giveaway has also been announced, distributing $10,000 in MUTM to 10 winners [2].

Despite the optimistic projections, it is crucial to note that both the $4,200 price target for ETH and the 7,700% rally forecast for MUTM are speculative. The crypto market remains highly volatile and subject to unpredictable shifts in sentiment, regulatory developments, and macroeconomic factors. Investors are urged to conduct thorough due diligence and assess their risk tolerance before making investment decisions based on such forecasts [3].

Source: [1] Ethereum Price Forecast: ETH Eyes $4200 as New ERC-20 DeFi Token is Set to Rally 7700% (https://coinmarketcap.com/community/articles/688f9ee6c2ab4f6a22e6a746/)

[2] Ethereum Price Forecast: ETH Eyes $4200 as New ERC-20 DeFi Token is Set to Rally 7700% (https://www.mitrade.com/insights/news/live-news/article-3-1008078-20250804)

[3] Press Release (https://www.cryptopolitan.com/es/press-release/)