Ethereum has long been a major player in the blockchain industry, but recent changes are causing concern. The price barely moves, and large investors called “whales” are a big reason why. These whales own a lot of ETH and can influence the market with their decisions.
Meanwhile, another project has attracted a lot of attention: IntelMarkets. With up to 1000x leverage on various assets, IntelMarkets offers traders plenty of flexibility to develop their strategies and further advance their exposure. Read on to find out more!
Ethereum price struggles as whale activity influences market sentiment
The price of Ethereum has struggled to rise despite many investors being very confident. Recently, the cryptocurrency received $634 million more from investors, bringing its total annual value to $2.2 billion. This is a big jump from 2021 and shows that large investors are ready to invest in Ethereum.
Furthermore, whale activity acts as a brake on the price movement. In the last four days, large holders have collected over 280,000 ETH, worth just under $1 billion. Ethereum price’s near-term development will largely depend on maintaining some support levels.
Experts say Ethereum price needs to stay above $3,650. If this is the case, the price could rise. Buyers are waiting for this level to confirm that Ethereum (ETH) can break its current barrier. If it fails to stay above $3,650, a decline could occur.
On the other hand, if ETH falls below $3,650, it could quickly fall even further. The sellers would then have control and lower the price. This could cause ETH to test lower support levels, potentially leading to further declines.
Could a viral AI altcoin, IntelMarkets, be the next big market disruptor?
As Ethereum price shows fluctuations in the market, traders are looking for new alternatives and IntelMarkets, an all-new viral altcoin, could be the answer. It offers dual-chain compatibility with Ethereum and Solana, thus providing traders with both a secure transaction and fast execution.
Additionally, IntelMarkets’ automated systems, such as stop-loss and fill-or-kill orders, improve trading precision and reduce risk by executing trades at the right time. By automating these processes, traders can stay organized and active without having to constantly monitor the market. This allows them to manage their positions effectively while minimizing the need for manual intervention.
Additionally, over $2.7 million has already been raised and 13 million tokens were sold in the current round. As the price per token rises, investor interest grows, betting on the potential to climb the market ranks. Additionally, IntelMarkets has expanded its offering to include 1000x leverage, meaning a $100 trade could potentially net up to $100,000 in profits for those seeking high returns.
With real-time data, AI-driven insights, and customizable indicators, users get everything they need to make informed decisions. IntelMarkets (INTL) offers access to specialized trading settings that were previously only available to those managing large portfolios worth over $100 million. All of these frameworks offer high potential opportunities, including emerging trends and arbitrage strategies selected by experienced analysts.
Learn more about IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy in advance: https://buy.intelmarketspresale.com/
telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets