Ethereum Eyes $3,050 as Remittix Pushes Crypto Payments Integration
Ethereum's price has been fluctuating around $2,708 after breaking through an earlier technical range. Analysts are watching for a potential move towards $3,050, which would represent a gain of roughly 13%. This target was mentioned in a September 22 Reuters technical analysis.
The demand for tokenization and DeFi could support further gains in Ethereum's price. However, its large valuation requires substantial new capital for dramatic percentage gains.
Remittix, a PayFi project, is approaching a significant test as it aims to convert supported crypto into fiat delivered to compatible bank accounts across more than 30 currencies. Its live trading venue and iOS wallet are already available, with hundreds of perpetual pairs and millions in reported volume.