Ethereum Surges, RTX Emerges as Real-World Crypto Contender

Ethereum's price has been on an upward trajectory, with analysts predicting a significant breakout in the near future. While investors are bullish on Ethereum, there is uncertainty about the speed at which it will overcome resistance levels. Meanwhile, new coins like Remittix (RTX) have gained attention, offering an alternative to speculative trading with their payment-oriented use case.

Ethereum has been performing well, with prices around $2,149.93 after a 1.32% increase in the last 24 hours. The trading volume has also increased by 7.41% to $34 billion, indicating higher market activity. Analysts are waiting for Ethereum to surpass major resistance levels of $2.5K and $2.7K before a potential run to $3K.

A significant driver of Ethereum's price action is the upcoming March 7th Crypto Summit. Historically, such events have influenced market sentiment and caused price movements. Investors are closely monitoring any big announcements that could fuel institutional inflows and liquidity.

Veteran investors recommend a combination of short-term trading and long-term accumulation to profit from Ethereum's price movements. Buying ETH on dips near support levels and selling near resistance levels can yield the highest returns. Technical analysis suggests that if Ethereum breaks above $2.5K this week, it could pave the way for a move to $2.7K. However, a failure to sustain momentum may result in ETH retesting the $2.3K level, with opportunities for tactical re-entries.

While Ethereum remains a top contender in the crypto universe, Remittix (RTX) has been making waves in the payments sector. Valued at $0.0694 with over 513 million tokens sold and more than $13.4 million raised, RTX is positioning itself as a strong competitor in the new PayFi sector. Unlike speculative assets, Remittix focuses on real-world use cases by facilitating seamless crypto-to-fiat transactions, eliminating intermediaries, and reducing fees and processing times.

Investors are shifting their focus towards tokens with practical use cases, such as Remittix, as speculative wagers on meme coins and AI projects have resulted in wild volatility. This trend is evident in the strong presale demand for RTX despite broader