Whales shift focus amid ETH dip; What’s the next big bet?

Anonymous millionaire drags IntelMarkets on the radar after injecting $300 million amid the major Ethereum ETF outflow, hinting at a strong rally for the viral $0.09 AI coin.

While the Ethereum ETF had turned the tables and brought the recovering ETH price back to the spotlight, the current sentiment surrounding the altcoin has again pushed it back to where it was.

Amid the price speculation in the Ethereum network, IntelMarkets (INTL) is turning heads with its next-generation AI-powered tools and skyrocketing presale performance with $11m raised.

ETH forecast turns red amid massive Ethereum ETF outflow

The current ETH price pattern has spent the past six trading days locked in a tight range between $1,820 and $1,960, which shows that the altcoin is struggling to gain momentum. As the ETH price consolidates, market participants weigh the impact of continued Ethereum ETF outflows. A key support level near $1,886 draws significant accumulation from investors.

The outcome of this consolidation phase could determine the next ETH price move. That said, the Ethereum ETFs have now recorded net outflows for three consecutive weeks, with $189.9 million withdrawn last week alone. This brings total outflows to $645.08 million within this period, signaling weak institutional interest.

Ethereum’s technical indicators point to bearish patterns

Ethereum’s RSI on both the 4-hour and daily charts is currently in bearish territory, which suggests the potential for further downside in the ETH price. Additionally, the 50 and 100 EMA on the 4-hour chart have formed a resistance cloud near the $2,000 psychological level. On the support side, on-chain data shows that investor supply at $1,886 has increased to 1.9m ETH.

This suggests that many investors view this level as crucial and have accumulated additional ETH, creating a strong potential support zone. If Ethereum’s consolidation is driven by the accumulation of long positions, a breakout above $2,000 could shift the broader outlook to bullish. At the same time, the massive outflow in Ethereum ETFs could give ETH a hard time.

Overcoming this key resistance level could trigger fresh buying momentum, potentially leading to a more sustained rally. The project is currently in a tight position, with Ethereum ETF outflows exerting pressure while investor accumulation at $1,886 offers potential support. If the ETH price remains below $2,000, it could face further downside in the near term.

Outflows drive $750,000 into IntelMarkets’ presale

As most crypto traders are shifting to AI-powered platforms, IntelMarkets is witnessing a growing demand for its AI coin among investors. Recently, an anonymous wallet poured a whopping $750,000 into IntelMarkets’ ongoing presale rally. This high-volume transaction skyrocketed INTL’s presale to $11 million, with more inflows projected soon.

The platform features a bundle of AI-powered trading tools that help traders make the most of the constantly changing crypto market. IntelMarkets also features a leaderboard that offers a real-time list of top performers in the crypto ecosystem. Traders can benefit from INTL by topping the leaderboard charts and gaining access to additional perks and reduced trading fees.

IntelMarkets could explode to $0.42, claims analyst

The sudden shift in the market has ranked IntelMarkets as a strong Ethereum rival amid the broader bearish trends, with most analysts claiming that this AI newcomer could explode to $0.42 in the upcoming sessions. IntelMarkets features embedded trading robots trained on over 100,000 data points.

IntelMarkets is about keeping up with the shifting trends in the market and gaining a decisive edge over other traders. This enterprise-grade platform equips users to confidently lock in high-stake trades with IntelMarkets’ AI-powered accuracy, which unlocks new possibilities for portfolio optimization.

To learn more about IntelMarkets, visit its website, Telegram, and Twitter.