Due to the ongoing correction in the crypto market, Ethereum (ETH) is retesting the support around the $3,000 mark. Losing this level could pull it to $2,200 in the coming weeks. Meanwhile, IntelMarkets (INTL), an AI-based coin, has risen as a strong contender for Ripple (XRP).
The revolutionary DeFi token which has a low market cap and connection to a billion-dollar market is expected to reach $1 in the coming months. Such a likely price surge makes it a good cryptocurrency to buy now.
Ethereum (ETH) Could Lose Key Support If Downtrend Continues
Ethereum (ETH) has bounced off the $3k support region after a price correction from $3.4k. The altcoin price failed to break the upper level due to high selling pressure located in this region.
Nevertheless, Crypto Caesar notes the Ethereum price might pump to $5k in the coming weeks. The analyst told his followers not to be worried about the price correction.
On the other hand, another analyst called MarzellCrypto says a downtrend could occur if the $3k support gives way. He expects a 20% correction to occur which might push the value of the Ethereum coin to $2,200.
Presently, the altcoin price is consolidating between $3k and $3.4k on the weekly chart. Its value has plummeted by 8.5% in this timeframe, per CoinMarketCap. This price decline comes after the Ethereum Foundation sold off 100 ETH, its third sell-off this year. They have sold a total of 300 ETH this year.
Ripple (XRP) Could Soar To $6 Based on Bullish Pattern
Crypto Pilotu forecasts the value of the Ripple coin might surge to $6 and $9 in the short term. He posted a multi-year chart that showed the Ripple crypto forming a cup and handle pattern.
Crypto Pilotu believes XRP might be the one to Kickstart the 2025 bull season. In another tweet, Maxi, a trader, has taken a long position for the Ripple token. They say its value might surge to $3.10.
At the moment, the Ripple price has plunged by 10.5% on the weekly level. The correction comes after XRP consolidated around the $3 region for several days.
Based on technical analysis, the sentiment surrounding the Ripple token is still bullish. The relative strength index is above the midline which signals that bulls are in charge. Also, the Average Directional Index (14) flashes a buy signal which points to a potential uptrend.
IntelMarkets (INTL): The Future of Advanced Crypto Trading
IntelMarkets (INTL) is set to disrupt the crypto trading industry with cutting-edge trading platforms, a stellar team, and an incredibly lucrative presale. It is a modern platform with features suitable for both beginners and professionals and is one of the leaders in the constantly developing decentralized finance (DeFi) sector.
Another important feature of IntelMarkets is the set of enhanced trading tools that provide users with an analysis of the market in real time and risk management. These tools make it possible for the trader to make the most of their profits without being affected by the fluctuations in the market.
Also, the integration of two blockchains, Ethereum and Solana, also improves trading convenience by providing lower fees and faster transaction processing – a significant edge in the crypto market.
The INTL token presale has already attracted more than $7.7 million to support IntelMarkets’ vision of a decentralized financial system. At the moment, the INTL token is available at $0.082455 in Stage 9. The token offers a lot of utility to both traders and investors by providing lower trading fees, staking rewards, and voting rights.
IntelMarkets Crypto ICO Success Attracts Investors
As Ethereum (ETH) struggles to defend key support and Ripple (XRP) is experiencing price declines, IntelMarkets is quickly becoming the center of attention. It has raised over $7.7 million in funding and could reach $10 million in the coming weeks. Investors who are yet to join this DeFi project should do so before the ongoing presale ends.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficialTwitter: https://x.com/intel_markets