Ethereum Price Prediction: ETH’s Turnaround Continues With Sixth Weekly Inflow, But This Presale Casino Token Just Keeps Going Straight Up

On Dec 12, 2023

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The Ethereum price has dropped 0.6% in the last 24 hours to trade at $2206 as of 11:29 p.m. EST as trading volume jumped 17% to $19 billion.

Despite the slight drop, Ethereum experienced its sixth consecutive week of inflows, amounting to a total of $10 million, CoinShares said.

Just seven weeks ago, Ethereum had recorded year-to-date outflows of $125 million, but this has now rebounded to inflows totaling $19 million.

The Ethereum Price: Bulls Remain Bullish in Ascending Channel

ETHSUSDT Chart Analysis. Source:Tradingview.com

Although the Ethereum price seems poised to break out of the ascending channel, it encountered resistance at $2420, with bears pushing the price lower. Despite this, ETH maintains a bullish position within the channel.

ETH is aiming for a new 2023 high, trading above both the 50-day and 200-day simple moving averages. This confirms the ongoing bullish sentiment and establishes short-term support levels.

The Relative Strength Index (RSI) has experienced a modest decline, moving downward from 70 to 56 and approaching the midline level of 50.

Ethereum Price: Bulls Aiming For Peak $3K?

Bulls anticipate a continuous bullish trend that could prompt further upward movements above the ascending channel. The bulls might aim for a prospective peak of around $3000 in the upcoming days of 2023.

If the bears sustain the corrective phase, the price is likely to further decline towards the support zone at $2150, aligning with the lower boundary of the ascending channel.

A break below this level might add to the selling pressure, potentially triggering a further drop towards the critical support level around the $1950 support zone.

Meanwhile, investors may consider investing in the TG.Casino token given its impressive performance during the presale phase, and its positioning as a strong competitor in the gaming industry.

TG.Casino Presale Raises $3.8 Million, Price Hike In Less Than 5 Days

The TG.Casino presale has raised over $3.8 million as the presale approaches its $5 million target soft cap. This surge is due to investors flocking in to buy the token, anticipating a price increase upon the token’s listing.

As an investor, you can currently purchase the token at a reduced rate of $0.185 per token. Buying at this moment provides a strategic advantage, as the price is set to increase in less than five days as the presale progresses to the next stage.

$TGC is now available to buy at $0.185 in presale🎰
Go get it players! pic.twitter.com/t4E91nMn0c
— TG Casino (@TGCasino_) December 12, 2023

Earn Passive Income on Staking, Get 25% Cashback on Losses

The TG.Casino platform also offers a unique cashback incentive. Users who wager with TGC tokens qualify for a 25% net cashback on losses, adding to the demand for the token.

Staking $TGC presents an opportunity for you to earn an impressive annual yield of 163% APY, contributing to revenue generation on the TG Casino platform. 78% of the circulating supply is currently locked up in staking vaults, highlighting the appeal of this lucrative staking mechanism.

$8 🔀 $23,564
Big win on Hand of Anubis🤩 $TGC pic.twitter.com/7qU7M12t6w
— TG Casino (@TGCasino_) December 11, 2023

Early adopters of the staking program have already begun to realize returns, receiving a distributed share of 5.6 million $TGC in staking rewards.

TG.Casino further sweetens the deal with attractive incentives, including recent airdrop events that generously distribute 16 million TGC tokens to token holders.

The $TGC Airdrop event is here!
16 Million Tokens (16% of supply)
4 Stages
See our Community TG for full details!
BEWARE OF SCAMS! NO CLAIMING NEEDED! pic.twitter.com/ZG42DHmdYj
— TG Casino (@TGCasino_) November 20, 2023

The Cryptonews YouTube channel, boasting over 7,000 subscribers, has featured TGC in one of its videos, characterizing it as a token with boundless potential. This potential is attributed to TG Casino’s unique status as the first globally licensed Telegram casino.