The net unrealized profit/loss (NUPL) indicator suggests that Ethereum is still far from the euphoria zone. This means that in the near future, the price will enter the consolidation zone. The exponential moving average (EMA) lines indicate strong support at current levels, which could also stabilize ETH. Meanwhile, the new AI project, InQubeta (QUBE) links venture capitalists and cryptocurrency on a distinct platform. The initiative operates by employing NFTs to symbolize ownership in a firm. Nevertheless, leveraging blockchain technology, smaller enterprises can secure funds directly from investors without engaging. The native token QUBE is currently in its ninth stage of the presale.
Ethereum Pi Cycle Signals Indicate Consolidation
The Pi Cycle Top indicator indicates a consolidation phase. This is indicated by the gap between the 111-day moving average and the 350-day moving average multiplied by 2. Currently, the upper limit of the indicator is around $4231, and the lower limit is around $2750. This spread provides some breathing room, indicating market stabilization rather than a top being formed.
It is within this range that the ETH price could lay the groundwork for the next bullish move. According to the Pi Cycle Top indicator, the price is above the long-term average (350-day multiplied by 2) before the top is formed. This indicates that the overheated market is ready to decline. When the price is below the short-term average, the asset is undervalued.
Ethereum ETH struggles to regain momentum
ETH’s Net Unrealized Profit/Loss (NUPL) constantly fluctuates between the “optimism-anxiety” and “belief-denial” zones, indicating market indecision. This rhythmic change in sentiment suggests that investors alternate between cautious optimism and stronger confidence in the asset’s potential, but at the same time, cannot decide on the overall trend. Such fluctuations imply a potential consolidation phase for Ethereum.
Consolidation before new growth
The exponential moving average (EMA) lines on the 4-hour chart are close to each other, indicating low volatility and a consolidation phase. When the EMA lines converge, as in the chart below, it often means there is no strong trend, and prices may move sideways for a while.
ETH is hovering around these lines, indicating an equilibrium between buyers and sellers. If an uptrend begins, a decisive break above these tangled EMA lines could push the price towards the $4,100 resistance level. If the consolidation phase turns bearish, the token could fall to the $3,200 support level. A deeper fall to $2,900 is possible amid broader negative sentiment. Currently, the EMA cluster indicates that Ethereum continues to trade in a range. Any decisive exit from this range will likely determine the further trend.
The main advantages of InQubeta (QUBE)
Distinct investment prospect: InQubeta’s NFT marketplace offers an opportunity to invest in AI technology innovation and endorse forthcoming AI start-ups.
Staking incentives: Investors can garner rewards by staking QUBE tokens on the InQubeta platform, promoting long-term investment in the QUBE token.
Governance: As a QUBE token holder, you possess governance privileges to propose, deliberate, and vote on pivotal decisions for the InQubeta platform, ensuring community engagement and adaptability.
How is the InQubeta (QUBE) Presale Performing?
InQubeta is placing a significant emphasis on AI startups, which is perceived as the most dynamic sector of tech and possesses some of the highest potential for returns in March 2024. The project is still in presale, thus no firms have been able to raise funds on the platform yet. However, InQubeta is currently raising funds via a presale.
The initiative has gathered over $12.6 million thus far across various stages. Each stage enables investors to acquire QUBE tokens at differing prices, with earlier stages offering acquisitions at more economical rates. The project is presently in the 9th stage of its presale. Tokens presently cost $0.028 per 1 QUBE, but the price will become $0.0308 per QUBE once the presale levels up to stage 10.
Regarding tokenomics, 65% of the total supply is earmarked for the public sale, while the remaining 35% is designated for the developers, furnishing liquidity and addressing operational expenses.The team anticipates that the token will debut post-stage 10 for $0.0308 per token. The token itself will be utilized to invest in AI startups alongside the potential for staking and governance.
