Ethereum has been a key player in the blockchain industry for a long time, but recent changes are causing worry. The price isn’t moving much, and big investors, called “whales,” are a big reason for this. These whales own a lot of ETH and can influence the market with their choices.
Meanwhile, another project has gained amazing attention, IntelMarkets. With a leverage of up to 1000 times on various assets, IntelMarkets offers tons of flexibility for traders to devise their strategies and further push exposure. Continue reading to learn more!
Ethereum Price Struggles as Whale Activity Impacts Market Sentiment
Ethereum’s price has had a hard time going up, even though many investors are very confident in it. Recently, the cryptocurrency got $634 million more from investors, making its total for the year $2.2 billion. This is a big jump from 2021, showing that big investors are ready to invest in Ethereum.
Furthermore, whale activities are acting as the brake on price action. For the past four days, large holders have raked in over 280,000 ETHs, just shy of $1 billion worth. The movement of Ethereum price soon is largely dependent on the retention of a few support levels.
Experts say that Ethereum’s price needs to stay above $3,650. If it does, it might go up in price. Buyers are waiting for this level to confirm that Ethereum (ETH) can break through its current barrier. If it doesn’t stay above $3,650, it could start going down.
On the other hand, if ETH falls below $3,650, it could quickly drop even more. Sellers would then have control, pushing the price lower. This could make the ETH test lower support levels, possibly causing it to drop further.
Could a Viral AI Altcoin, IntelMarkets, Be the Next Big Market Disruptor?
As the Ethereum price shows fluctuations in the market, traders are exploring new alternatives, and IntelMarkets, an all-new virally powered altcoin, could be the answer. It provides dual-chain compatibility with Ethereum and Solana thus, benefiting traders with both a secure transaction and swift execution.
Plus, IntelMarkets’ automated systems, like stop-loss and fill-or-kill orders, enhance trading precision and reduce risk by executing trades at the right time. By automating these processes, traders can stay organized and active without needing to constantly monitor the market. Thus, they can manage their positions effectively while minimizing the need for manual intervention.
Moreover, over $2.7 million has already been raised, with 13 million tokens sold in its current round. As the price per token goes up, investors are becoming interested, betting on its potential to climb the market ranks. Further, IntelMarkets has enhanced its offer with 1000x leverage, meaning a $100 trade could potentially yield up to $100,000 in profits for those seeking high returns.
With real-time data, AI-driven insights, and customizable indicators, users are provided with everything they need to make well-informed decisions. IntelMarkets (INTL) provides entry to special trading settings that were once only accessible to those handling large portfolios worth over $100 million. All these settings offer high-potential opportunities, including emerging trends and arbitrage strategies, selected by expert analysts.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
