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The Ethereum price has now dropped to $1.8K, causing panic across the cryptocurrency community. Meanwhile, Santiment data indicates the altcoin price could dip lower as whales move 100k ETH to exchanges. Meanwhile, the Cardano price has increased on the biweekly charts as bulls reclaim the $0.7 level.
Another altcoin that is gaining investors' attention is the AI coin, IntelMarkets (INTL). It is currently in the crypto ICO phase and is expected to rise by 10x in the coming months as the frenzy surrounding AI technology rises.
The Ethereum price has experienced huge volatility over the past few days as an increase in selling pressure continues. Recent data from Santiment shows that over 100k ETH has been sent to exchanges over the past 48 hours. This large sell-off comes after huge accumulations last week.
The change in sentiment comes as the Ethereum price plummets to $1.8k for the first time this year. Data from CoinMarketCap shows the Ethereum price has declined by about 14.7% on the weekly timeframe and 27.9% on the monthly level. However, analysts like Ash Crypto believe this could be a bear trap.
They advised investors not to worry, as a massive upside could occur soon. The analyst compared the current Ethereum price chart to that of 2017. At the time, the Ethereum price dropped to $6 before rising to $1,200. So, Ash Crypto predicts the Ethereum price might surge to $10k this cycle.
The ADA price is showing positive sentiment on the charts after bouncing off the $0.60 support. CoinMarketCap data shows the ADA price has increased by 8.9% and 5.7% on the biweekly and monthly levels.
However, the ADA price remains bearish on the weekly timeframe with a decline of 25.4%. Despite the downtrend in the market, analysts forecast the ADA price might rally to a new level soon.
Cryptosahintas forecasts the ADA price could pump to $6 in the long run. Another analyst known as Crypto V for SAUL says the ADA price might rally to $1 in the next few weeks.
Ali Martinez predicts the ADA price could surge to $10 if it surpasses the resistance at $1.20. Despite these bullish ADA price forecasts, investors’ sentiment is negative. The Fear and Greed Index is in the Fear zone, which means investors are afraid the downtrend could continue in the coming weeks.
Although the Ethereum price has been on a downtrend, newcomers like IntelMarkets (INTL) have taken the spotlight. IntelMarkets is the new generation trading platform that is revolutionizing the crypto trading market with the help of AI and Decentralized Intelligence.
At the presale, IntelMarkets is selling INTL tokens at $0.091 with the potential of rising by 360% at the time of launch. Early investors have already invested more than $11.4 million to be ready for IntelMarkets which can change the trading of the future.
What makes IntelMarkets unique is that it is an AI-based trading environment that aims to provide retail traders with institutional tools. Rodeum's AI bots are always active, monitoring market data, whale activity, changes in liquidity, and price fluctuations in real time.
These bots make trades that can adjust to the market in order to make the biggest profit even in volatile situations. IntelMarkets also offers crypto perpetual futures trading with a leverage of up to 1000:1 so that traders can have the highest profits.
While the Ethereum price is still trying to recover, IntelMarkets (INTL) is making a revolution in the crypto trading sector using AI technology. This is a great opportunity for early investors as the IntelMarkets price is expected to pump as high as 10x this year. Such a rally could outshine that of Cardano in the long run.
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
