Ethereum News Today: Ethereum Falls 6.8% Below $3,720 as Investors Shift to High-ROI Altcoins

Ethereum (ETH) dropped 6.8% in the last 24 hours, falling below $3,720 to approximately $3,671, underperforming the broader crypto market’s 2.8% decline, as reported by CoinMarketCap. The decline follows a broader market sell-off driven by macroeconomic concerns, including a hawkish stance by the U.S. Federal Reserve on maintaining interest rates between 4.25% and 4.5%, as well as rising geopolitical tensions [1].

Technical indicators show ETH breaking below the $3,750 support level, with the RSI at 49.53 signaling neutral momentum and a bearish MACD suggesting further downward pressure to $3,600 if the $3,680 level fails to hold [1]. Despite a $533.8 million inflow into ETH-based ETFs and whale accumulation of 220,000 ETH ($850 million), exchange inflows of 200,000 ETH indicate ongoing profit-taking [1]. A rebound above $3,800 could target $4,000, but macroeconomic headwinds and declining decentralized exchange (DEX) volumes remain key risks.

The decline in ETH has prompted investors to shift focus toward altcoins with higher potential returns. Among the emerging projects attracting attention is Mutuum Finance (MUTM), a Layer-2 powered decentralized finance (DeFi) platform that combines speed, dual lending options, staking, and an upcoming stablecoin utility. The platform generates revenue from borrower interest fees in both its Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending ecosystems. This revenue is then used to buy back MUTM tokens from the market, creating upward pressure on token demand and price appreciation [1].

The buyback mechanism supports MUTM’s value by channeling platform earnings back into token repurchases, which strengthens the ecosystem and rewards users through mtToken staking rewards. mtTokens are interest-bearing tokens earned by lenders in the P2C pools and can be staked to earn MUTM rewards. As the platform grows, this loop is expected to create sustainable incentives for both lenders and stakers, aligning user benefits with the overall project’s success [1].

An illustrative example shows a lender staking 100 XRP, worth approximately $6,200, in a P2C lending pool at 70% Loan-to-Value (LTV), enabling a borrower to access $4,340 USDT while earning an 11.7% annual percentage yield (APY)—approximately $725 annually. On the P2P side, flexible loan agreements are directly negotiated between participants, offering high yields for lenders while providing liquidity to holders of more volatile or speculative assets [1].

Currently, Mutuum Finance (MUTM) is in Phase 6 of its presale, having raised $14.1 million with 12% of tokens sold to over 12,000 holders. The project emphasizes security, evidenced by a high CertiK audit score, and incentivizes development and safety through a $50,000 bug bounty program [1].

A hypothetical investment of $1,000 worth of ETH in MUTM during Phase 2 at $0.015 per token secured 66,667 MUTM tokens. At the current Phase 6 price of $0.035, those tokens are valued at $2,333. If the token reaches the anticipated $0.06 listing price, the investment would be worth $4,000, and at a projected post-listing price of $0.12, the value would reach $8,000—an 8x return [1].

Mutuum Finance (MUTM)’s roadmap includes a beta release that will unlock full platform utility, including the launch of a decentralized stablecoin minted through overcollateralized loans. This stablecoin, alongside the staking of mtTokens, is expected to increase demand for MUTM tokens and expand real-world use cases. With Ethereum (ETH)’s recent price correction encouraging investors to diversify, MUTM offers a clear alternative with a focus on real utility, strong revenue streams, and community-driven growth [1].

Ethereum’s slide below $3,720 has intensified investor interest in altcoins with strong fundamentals. Mutuum Finance (MUTM) stands out as a project designed to capture new demand and reward early investors through a unique dual lending approach, Layer-2 speed, and transparent revenue-based buybacks [1].

Source: [1] ETH drops 6.8% below $3,720 as investors eye higher ROI coins (https://invezz.com/news/2025/08/08/eth-drops-6-8-below-3720-as-investors-eye-higher-roi-coins/)