According to data from Glassnode, there has been a rise in ETH ETF inflows in the past week. Over $400 million was accumulated. So, analysts say the Ethereum price might surge to $6k soon.
Meanwhile, there is another player who is slowly gaining attention and is eyeing to take over Dogecoin (DOGE). IntelMarkets (INTL) is an AI-based coin that is offering investors a 10x return. This AI-driven project presents the traders with the next big opportunity; engaging innovation with tremendous growth potential.
Ethereum (ETH) ETFs See $400M In Inflows
Ali Martinez, one of the top on-chain crypto analysts says the US Spot ETFs accumulated over $400 million in net inflows last week. These massive inflows show that bulls are gaining traction and investors’ interest is rising.
Looking ahead, Crypto Gems forecasts the Ethereum price might pump to $6k in the coming months. They said the current Ethereum price movement mirrors that of 2020/2021.
At the time, the value of the altcoin soared from $135 to about $1,200. In another tweet, Crypto Gems revealed that there is a giga bullish pattern on the Ethereum price chart. They forecast the Ethereum price might rally to $10k in the coming months if it remains above a multi-year support level.
Meanwhile, the Ethereum price has seen a little uptick in the weekly timeframe. CoinMarketCap information shows its value has surged by 2.3% on the weekly chart. This price increase could very due to the rise in Ethereum coin accumulation in the past week.
Dogecoin (DOGE) Tests Major Support
The DOGE price is still trading along the $0.2 range as the market remains under bearish control. Data from CoinMarketCap reveals the DOGE price is bearish across all timeframes except the yearly chart. There are losses of 1.8%, 20.2%, and 26.0% on the weekly, biweekly, and monthly timeframes.
VipRoseTr says the memecoin is trading within a falling wedge and is approaching major support. They forecast the DOGE price might surge to newer levels if it holds above the $0.2 support. Falling below this level could invalidate the bullish price forecast.
If the support holds, VipRoseTr says the DOGE price might rally towards $0.45304 and then $0.52918. In a very bullish scenario, the DOGE price could even climb to $0.60684. Right now, the sentiment surrounding the cryptocurrency is bearish.
The Fear and Greed Index shows that investors’ interest has reduced greatly. However, the Stoch RSI (14) is in the buy territory and supports a DOGE price surge.
IntelMarkets (INTL) Presale Figures Keep Rising
IntelMarkets (INTL) is one of the emerging AI-based cryptocurrency trading platforms that is growing in the market. INTL is in the ninth stage of its blockchain ICO and is currently valued at $0.082455, an increase of over 810% in the past few months. It has also attracted over $8.6 million in funding, which shows that investors are interested in the project.
Meanwhile, IntelMarkets offers an array of advanced trading tools. The Intell-Array Multichannel Analysis tool is one such tool. It can be used to address the problem of the large number of data and indicators on the market. It is intended to assist the trader to identify the trading opportunities and make the right decision within the shortest time possible.
In addition, IntelMarkets has an AI-based trading bot that can learn and improve with every trade. These AI bots assist the users in making good trading decisions by providing much information.
Introducing elements like AI and powerful trading tools makes IntelMarkets the best choice for crypto trading of the future. IntelMarkets is all set to revolutionize the $264 billion cryptocurrency trading market by offering the most advanced AI tools for novices and professionals.
Top Crypto Coins To Watch This Cycle
The Ethereum price is targeting $6k while the DOGE price is battling to remain above a key support level. Meanwhile, IntelMarkets is among the best altcoins to invest in this cycle. Although it is a fairly new platform, it has a good market potential to be one of the most profitable in the crypto space.
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