Ethereum’s recent pullback has traders reassessing their positions as ETH dipped below key levels. After peaking near $3,812, Ethereum fell back to $3,702.06—a 0.68 % decline over 24 hours—prompting rotations into higher‑beta tokens like Remittix, whose 450 % rally and $250,000 giveaway are drawing fresh capital.
ETH Pullback and Technical Support
ETH’s chart shows a swift retreat from this month’s high. On July 25, Ethereum trading hovered at $3,702.06, marking a pullback from $3,812 five days earlier and confirming resistance near $3,800. The 14‑day Relative Strength Index slipped to 58, down from overbought levels in the low 70s, signaling a cooling‑off phase.
Daily active addresses fell 8 % as traders paused DeFi activity, even though total value locked on Ethereum remains near $90 billion—7 % above July 1’s figure.
Analysts who once forecast ETH surging to $8,000 on sustained momentum now caution that Ethereum’s immediate path depends on reclaiming support at $3,600 and its ETF. This pullback sharpens focus on tokens promising real‑world use cases during ETH’s consolidation.
Remittix’s Surge as ETH Cools
While Ethereum news focuses on short‑term chart patterns, Remittix (RTX) captures capital flows with practical payment rails. Over the past week, Remittix climbed 450 %, fueled by its live remittance corridors and community giveaway. RTX raised $17.3 million at $0.0876 per token, selling 569 million tokens and attracting new wallets at a 450 % weekly growth rate.
Remittix’s user‑friendly features drive adoption:
- Quick Settlements: Payments in Ghana and Kenya clear in under two minutes, cutting remittance delays.
- Wide Merchant Rollout: Over 80 retail outlets in West Africa now accept RTX PayFi, integrating crypto into everyday shopping.
- Seamless Fiat On‑Ramp: Direct bank integrations launching in Q3 simplify local currency deposits.
- Minimal Fees: Solana’s low‑cost rails keep transaction fees under $0.01, ideal for micro‑payments.
- Community Incentives: Quarterly token burns and up to 10 % APY on staking foster long‑term holding.
A CertiK audit validated Remittix’s smart‑contract security, and its forthcoming wallet beta will support 40+ assets with real‑time FX conversion—milestones that underscore the token’s utility amid Ethereum’s cooling‑off trade.
Final Take: Utility Trumps Momentum
Ethereum’s pullback to $3,702 highlights the necessity of clear support levels to sustain its rally toward $4,000 and beyond. ETH’s cooling phase may last until network activity rebounds, but tokens with tangible use cases command attention in the interim.
Remittix combines practical payment solutions, merchant integrations and community rewards—including a $250,000 giveaway and staking yields—offering an alternative growth story anchored in real‑world utility.
As ETH consolidates, RTX’s 450 % surge and ongoing product rollouts position it to capture the next wave of smart‑money—demonstrating that utility‑driven tokens can outpace momentum plays during market pullbacks.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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