Ethereum (ETH) and Vechain (VET) Prices Struggling Today, But … – NewsBTC


Ethereum (ETH) – The market sentiment for Ethereum leans towards a ‘Sell’ with the cryptocurrency showcasing restrained trading movements and indicators suggesting potential uncertainties ahead; it might be a cautious investment.
VeChain (VET) – VeChain, known for its supply chain solutions, showcases a ‘Strong Sell’ sentiment and faces market resistance, indicating caution is required for potential investors.
ScapesMania – This emerging coin offers potential high returns, aligns with the massive gaming industry, and showcases significant promise; it’s a good investment.
Following a recent market analysis by Enigma Securities, a noted institutional digital asset liquidity and advisory firm, the cryptocurrency sphere appears to be entering a phase of low volatility. The firm’s mid-week report forecasts a period of market consolidation, likely to stretch through the end of October, offering a ripe window for long-term investors to accumulate assets like Ethereum (ETH) and VeChain (VET). This notion was echoed by Vetle Lunde, a senior analyst at K33 Research, who noted a sideways market movement in the near term. Amidst this calm, the CoinDesk Market Index nudged a modest 0.8% higher.
The traditional markets too, exhibited a semblance of calm following a rough Tuesday session, as fresh jobs data showcased a cooling US labor market. The ADP’s report of 89,000 new jobs in September, significantly below the anticipated 153,000, mirrored the smallest rise in private sector jobs since 2020, according to Kathy Jones, chief fixed income strategist at Charles Schwab.
The crypto market seems to be mirroring this broader financial stability, with Ethereum (ETH) and VeChain (VET) showcasing restrained trading movements. Ethereum (ETH), known for its smart contract functionality, has seen its trading value hover within a range of $1,570 to $1,733. Over the last month, its price edged up by a mere 0.48%, and 0.99% over the last week, reflecting a strong support at the $1,849 mark. Market sentiment for Ethereum (ETH) leans towards a ‘Sell’, with oscillators indicating a ‘Neutral’ stance and moving averages suggesting a ‘Strong Sell’.
On the other side, VeChain (VET), a blockchain platform designed to enhance supply chain management, has its trading value nestled between $0.0151 and $0.0192. Over the past month, the VeChain (VET) price appreciated by 7.45% and nudged slightly higher by 0.26% over the last week. Similar to Ethereum (ETH), the market sentiment around VeChain (VET) skews towards a ‘Strong Sell’, with both oscillators and moving averages indicating a selling bias.
Experts opine that this phase of consolidation may extend the opportunity for discerning investors to bolster their crypto portfolios, as the market sentiment hints at a cautious approach. As traditional markets exhibit signs of steadiness, it’s plausible that the crypto realm may follow suit, basking in a period of low volatility and potentially lucrative accumulation windows.
Indeed, Ethereum (ETH) and VeChain (VET) present a solid foundation for portfolio concentration amid this consolidation phase, offering a semblance of stability in a typically volatile market. However, they may not deliver the sharp price escalations akin to promising presale coins like Scapesmania, a project expected to surge by over 500% after listing.
Hence, investors should diversify their attention towards such budding projects, which can potentially provide lucrative returns amidst a steady market backdrop. This balanced outlook could navigate through the existing market tranquility while also tapping into the high-reward potential of emerging coins, preparing a well-rounded portfolio for both present stability and future growth.

Ethereum (ETH), a linchpin for smart contracts and decentralized apps, faces a delicate balance amid market pressures and intrinsic potential. Its price, fluctuating between $1,570 and $1,732, has seen peaks at $1,743 and troughs at $1,077, indicating a volatile ride. Key indicators like the 3-10 Day MACD Oscillator stalling at $1,667 and Price Crossing the 40 Day Moving Average at $1,658 hint at potential uncertainties ahead. The diverging expert forecasts, oscillating between the optimism of a 1-month high rebound and the reality of multiple price stalls, make the Ethereum (ETH) journey a focal point for crypto enthusiasts. As the Ethereum (ETH) future performance may potentially be volatile, it makes sense to consider new evolving contenders like ScapesMania.

VeChain (VET), known for blockchain-based supply chain solutions, treads a challenging path akin to Ethereum. Its price, ranging between $0.0151 and $0.0191, reflects market caution as it faced resistance at the 40-day moving average of $0.0232, hinting at a pause in bullish momentum. The 3-10-16 Day MACD Moving Average stalling at $0.0196 suggests a potential cooling phase. If VET breaks the 1-month high of $0.0233, it may reignite optimism among proponents, though its proximity to the 52-week low of $0.0153 requires cautious navigation amidst market hurdles. In the midst of the uncertainty surrounding the future of VeChain (VET), ScapesMania emerges as an appealing opportunity worth exploring.
ScapesMania is an innovative project where casual players pave the way for blockchain enthusiasts to benefit from a thriving gaming ecosystem. Here, you can shape the future of the project with DAO within the booming $286.50-billion industry and reap enticing holder rewards. With a dynamic roadmap and continuous development, ScapesMania’s potential post-listing ROI of 412% can be just the tip of the iceberg.
The Driving Forces Behind ScapesMania
ScapesMania is not a single project; it’s a thriving gaming ecosystem with diverse revenue streams. A grant-winning team with open social media profiles behind ScapesMania exemplifies transparency and instills confidence in the project’s growth potential. ScapesMania’s community boasts over 59K followers — think of endless opportunities for ad revenue!
The ambition of ScapesMania extends beyond its innovative concept: it has passed one audit and is in the process of another. Poised for liquidity and visibility, ScapesMania is already listed on major tracking platforms, with the presence on key exchanges on the horizon.
Why Join ScapesMania Now
Projects with similar trajectories have rewarded early adopters with staggering x400-x500 ROI immediately after listing. Why not use this opportunity to secure a brighter future where your funds can potentially grow beyond the ordinary?
Right now, you can grab ScapesMania tokens for $0.002428 during the presale — an opportunity that won’t last long! The listing price is $0.01, offering you the potential for a 412% return. Don’t wait anymore – seize the moment and secure your ScapesMania tokens today! The current 80% discount won’t last forever.
<<Join the Presale>>
The performance of reviewed Crypto’s:
Long-term price prediction Table:
In today’s dynamic crypto atmosphere, seasoned players like Ethereum (ETH) and VeChain (VET) show signs of indecision. While they continue to exhibit trading significance, market vagaries pose constant challenges. On the other hand, newcomers like ScapesMania seem poised to carve out their niches, leveraging distinct strategies and fresh offerings.
By embracing ScapesMania today, you could be looking at a potential ROI of over 500% thanks to the post-listing price surge, a whopping +150% bonus, and other incentives for holders. Now is the right moment to act if you want to grab a 80% discount on purchase as well!
Find out more about ScapesMania:
Visit the ScapesMania Presale
Join the Telegram Group
Follow ScapesMania on Twitter
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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