As interest in Ethereum ETF fades, IntelMarkets draws attention due to its AI tools and presale success.
ETH Forecast Turns Red Amid Massive Ethereum ETF Outflow
The current ETH price pattern has remained in a tight range between $1,820 and $1,960 over the past six trading days, indicating a lack of momentum. Ethereum ETFs have now recorded net outflows for three consecutive weeks, with $189.9 million withdrawn last week alone, signaling weak institutional interest.
Ethereum’s Technical Indicators Point to Bearish Patterns
Ethereum's RSI on both 4-hour and daily charts is in bearish territory, suggesting potential further downside. The 50 and 100 EMA on the 4-hour chart have formed a resistance cloud near the $2,000 psychological level, establishing a strong support zone at an investor supply level of 1.9m ETH.
Outflows Drive $750,000 into IntelMarkets’ Presale
Amid substantial Ethereum ETF outflows, crypto traders are shifting to AI platforms like IntelMarkets. Recently, an anonymous wallet poured $750,000 into IntelMarkets' ongoing presale, boosting its volume to $11 million.
Despite the pressure from Ethereum ETF outflows, platforms like IntelMarkets are gaining popularity due to their revolutionary AI tools.
