Data from Santiment reveals that L1 coins like Ethereum and Solana are forming the major part of discussions in the crypto market. Sadly, the Ethereum price movement has been poor in the past month. Only a few coins, like IntelMarkets (INTL), have been able to withstand the downtrend in the market.
Its price has risen by over 810% in the last few months, positioning it as a good crypto to buy. Looking ahead, its price is expected to skyrocket by 20x, given its connection to the AI market, which was worth over $184 billion recently.
Ethereum (ETH) Whale Accumulation Rises
Despite the bearish sentiment in the market, the Ethereum coin has seen huge whale accumulation in the last few days. Data from Glassnode shows the number of ETH whales holding 10k ETH has risen by 2.30%. Given this positive sentiment, the Ethereum price could pump soon.
Ted says the Ethereum price might pump to $10k. Another expert called Cryptosahintas says there is a bullish Adam and Eve pattern on the Ethereum price chart. They say this pattern could push the Ethereum price to $3,600.
On the flip side, another analyst called MikybullCrypto believes the Ethereum price might drop to lower levels. According to him, the Ethereum price chart shows a head-and-shoulder pattern that could propel the altcoin price below the $2k support.
Based on technical analysis, the sentiment surrounding the Ethereum price is bearish. CoinMarketCap data shows the value of the altcoin has dropped by 2.9% in the weekly timeframe. Technical indicators like the VWMA (10) and Hull Moving Average (9) are even in the selling region, a sign that bears control the Ethereum price movement.
Solana (SOL) At The Brink Of A Potential Downtrend
The Solana price could fall below the $200 price level in the coming weeks if the ongoing downtrend in the market lingers. Data from CoinMarketCap shows the Solana price has dropped by 2.9% and 15.1% on the weekly and biweekly timeframes.
Future Trends forecasts the Solana price might pull back to the $190 zone before a potential rally could begin. Another analyst called Kyren says the Solana price could rise to $500 before the end of this year.
To keep the hopes of a bullish run alive, Man of Bitcoin says the Solana price must remain above the $184.90 support. At the moment, the sentiment suggests that the Solana price could increase soon. The Stochastic Fast (14) indicator is in the buy territory, supporting a potential uptrend.
Why IntelMarkets (INTL) is the Best Trading Platform
IntelMarkets (INTL) is an innovative crypto trading platform that combines artificial intelligence with blockchain technology to provide the best trading services. At the center of this revolution is its Intelli-M™ AI trading bots, which are a set of self-learning algorithms that process more than 100,000 data points in real time.
These bots are capable of something no human trader can do: identify opportunities in the market, make trades with speed, and modify strategies. For beginners who have no time or knowledge to trade or for those traders who do not want to spend their time trading, there is IntelMarkets’ copy trading system that is based on artificial intelligence.
This enables people to replicate the trades of other successful investors and get the best results without having to learn how to trade for many years. The system is fully transparent, and the users have the ability to view the risk and success characteristics of the traders they are following.
It is, therefore, not surprising that IntelMarkets’ crypto ICO has been phenomenal and has garnered over $8.7 million in funding. INTL is currently trading at $0.082 and is attracting investors who see the potential of the token. In summary, IntelMarkets is not just a trading platform but an AI-based environment that provides equal opportunities for all users.
The Best Crypto To Invest In Now
As the demand for new opportunities for growth increases, IntelMarkets is becoming a new star in the world of cryptocurrencies. Its growth is expected to eclipse that of top crypto coins like Ethereum (ETH) and Solana (SOL). Investors who want to be part of this new project can take part in the ongoing cryptocurrency ICO.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets