The Ethereum price is currently at a crossroads after falling below $1,500. Market analysts are waiting to see which direction it could go. Ali Martinez says the Ethereum price could drop to $1,150 in the next few weeks.
Meanwhile, Shiba Inu and an AI coin could rise to new highs in the coming months. SHIB KNIGHT forecasts the Shiba Inu price might pump to $0.000100. The AI coin called IntelMarkets (INTL) is also expected to rally by 20x this year, making it a top crypto to buy.
Ethereum (ETH) Dips Below $1,500, Ali Says It Could Fall To $1,150
Following the recent downturn in the market on Monday, the Ethereum price has plummeted to $1,430. CoinMarketCap info shows the Ethereum price has dropped by 17.0% on the weekly timeframe and 28.7% on the biweekly chart.
Meanwhile, bulls have returned to the market. The Ethereum price is starting an uptrend and could reclaim the $1,500 level in the next few days. However, Hull Moving Average (9) and VWMA (10) indicators are currently in the selling territory, signifying high pressure.
Also, Glassnode data shows that whales holding above 10k ETH have dropped by 10% since February. Their numbers have reduced from 999 to 896 due to the ongoing Ethereum price correction.
Going forward, Ali Martinez forecasts the Ethereum price might drop to $1,150. He argued the Ethereum price has broken out of a multi-year triangle pattern and could drop to lower levels.
Analyst Forecasts Price Surge for Shiba Inu (SHIB) Amid Decline
Over the last week, the Shiba Inu price has been consolidating between $0.000009 and $0.000013. Bulls have been attempting to break out from the narrow range but have failed. However, the recent sell-off in the market has caused the Shiba Inu price to decline to $0.000010. The memecoin is at the risk of adding another zero if the downturn lasts longer.
On the positive side, analysts like SHIB KNIGHT are still bullish about the Shiba Inu price trajectory. They believe the correction is a good buying opportunity for investors to stack up more coins. According to SHIB KNIGHT, the one-month Shiba Inu price chart shows a huge accumulation in a falling wedge pattern.
The analyst predicted that SHIB could breakout soon. He shared a chart showing that the Shiba Inu price could rally to $0.000100. The Shiba Inu price has support at the $0.000008 level if more downward movement occurs.
IntelMarkets (INTL): The Smart Money Move Amid ETH’s Decline
For those who have been observing the Ethereum price downturn, this may be the right time to focus on IntelMarkets’ (INTL) 20x potential. The coin is currently trading at $0.091, an increase of 900% from its initial price.
With over $12.1 million raised from investors, IntelMarkets could become a major rival to the best crypto trading platforms like Bybit. Besides, IntelMarkets is not just a trading platform; it is an AI-driven ecosystem with modern trading tools.
The main advantage of IntelMarkets is that it offers real-time processing of data and has Rodeum AI bots that predict market changes. The Rodeum AI bots can comb through thousands of data to get the best trading strategy or profitable opportunities.
Also, the bots inform users about whale activities, social media activities, and trends. The most innovative feature is the AI Agent Marketplace. Here, traders can create their own AI models using different inputs or buy ready-made bots from developers who can earn constant revenue on every sale.
Is IntelMarkets a Better Crypto To Buy Than Ethereum?
The Ethereum price trajectory seems bearish. Meanwhile, IntelMarkets is preparing for a massive rally in the coming months. Its AI utility and growing ecosystem have attracted a lot of interest in its ongoing presale. The adoption and price of IntelMarkets are expected to skyrocket this year, making it one of the best altcoins to watch.
For more information about IntelMarkets (INTL) visit the links below:
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
