Ethereum Sees 15% Price Surge Above $2,600 Despite Large Sell-Offs, What’s Going On?

Despite significant sell-offs from Ethereum (ETH) whales, the cryptocurrency has retained its bullish momentum, moving up by 15% in the past week. While experts discuss why Ethereum (ETH) is still appreciating amid large sell-offs, ETFSwap (ETFS), an Ethereum-based crypto projec, is gaining massive traction and proving to be the best next investment choice for investors.

Launched on the Ethereum (ETH) network, ETFSwap (ETFS) is a tokenized crypto project where users can buy and trade institutional grade ETFs conveniently in a tightly secured platform. This platform acts as a gateway for users to gain access to assets like gold, silver, stocks through tokenized ETFs.  

With advanced features like ETF swapping and ETF tracking, the ETFSwap (ETFS) platform will help users diversify their portfolios by generating the best ETF recommendations. As a decentralized platform, ETFSwap (ETFS) takes ETF trading to the next level by integrating Artificial Intelligence (AI) and blockchain technology. 

By trading ETFs on this platform users will be locked in for an 87% APR yield, a 50X trading power and access to futures and options trading.  Investors of the ETFS token will also be eligible to participate in its governance and influence developments in the ecosystem. Other benefits include enjoying monthly airdrops, trading ETFs with lower fees, and earning up to 36% passive income from its staking pool.

Underscoring its commitment to security and transparency, ETFSwap (ETFS) has been thoroughly audited for cybersecurity and smart contract vulnerabilities by CyberScope, a leading blockchain audit firm. The team behind this innovative crypto project has also completed a  KYC verification process with SolidProof, a top tier smart contracts auditing firm.

In the next few days, ETFSwap (ETFS) will launch its beta platform, which will officially launch after thorough UI testing. In phase one of this beta platform, users will have access to liquidity pools and staking mechanisms alongside ETF prices and swapping features. In phase 2, users will be able to use its AI trading tools like the ETF screeners, ETF filters, ETF tracker, and more.

Having risen by over 350% so far in its ongoing presale, experts have predicted that this ETFSwap’s Ethereum-based token could realize a 108X after its launch. Another factor that could propel the value of ETFS to new levels is the  upcoming launch of its ETFSwap’s own ETF. 

Currently, the ETFSwap (ETFS) presale is in its last stage and selling out incredibly fast. Investors aiming to take advantage of this bullish Ethereum (ETH) token can do so now while the price is still low. 

After experiencing significant sell-offs from large holders, also known as “Whales,” Ethereum (ETH) continues to gain momentum with a recent price surge of over 17% over the past seven days, according to TradingView.

According to reports from IntoTheBlock, net flows for these whales shifted from an inflow of 85,650 ETH on September 19 to an outflow of 6,420 ETH by September 23. In spite of huge sell-offs like this, the price of Ethereum (ETH) still maintains a bullish momentum, as the cryptocurrency is currently trading at $2,637.

Ethereum (ETH) also witnessed a substantial net inflow of 150,690 ETH, valued at $48 million, into Centralized Exchanges (CEX). However, the rate of this inflow was reduced due to huge sell-offs from various Ethereum (ETH) whales. Despite the sell-offs, which indicated reduced whale activity, the price of Ethereum (ETH) still climbed from $2,300 to a local high of $2,685. 

While investors are paying attention to Ethereum’s surprising growth amid huge sell-offs, ETFSwap (ETFS) is receiving even greater interest and traction. Its presale has sold over 500 million tokens in just a few weeks and generated more than $5 million. With a rally expected after the launch of its beta platform on September 28, investors are urged to invest in the ETFS token today at a meager price of $0.03846.

For more information about the ETFS Presale:

• Visit ETFSwap Presale
• Join The ETFSwap Community

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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