Ethereum (ETH) ETFs See $400M In Inflows, Target $6k While Dogecoin (DOGE) Tests Major Support

According to data from Glassnode, there has been a rise in ETH ETF inflows in the past week. Over $400 million was accumulated. So, analysts say the Ethereum price might surge to $6k soon.

Cryptocurrency prices have been volatile in recent times. However, some coins have managed to perform well despite the market downturn. This article highlights some of these coins and provides insights into their price movements and market performance.

ETH Surges Due To ETF Inflows

According to on-chain crypto data, US Spot ETFs managed to accumulate over $400 million in net inflows last week. This massive inflow is a sign that bulls are gaining momentum and that investors are showing increasing interest in the market.

Ali Martinez, a top on-chain crypto analyst, highlighted these inflows in a recent tweet. The crypto analyst also shared some insights on the Ethereum price, revealing that the second-largest cryptocurrency might still reach $6k in the coming months.

This price prediction is based on the similarities between the current and 2020/2021 Ethereum price movements. At the time, the altcoin’s value surged from $135 to about $1,200. In another tweet, Crypto Gems revealed a giga bullish pattern on the ETH price chart.

If the apex cryptocurrency trades above a multi-year support level, Crypto Gems predicts that the ETH price could reach $10k in the coming months. Currently, the Ethereum price has seen a slight uptick in the weekly timeframe.

CoinMarketCap data shows that its value has increased by 2.3% on the weekly chart. This price increase could be due to the rise in Ethereum coin accumulation in the past week.

DOGE Tests Major Support As Price Drops

The DOGE price is still trading within the $0.2 range as the market remains in a bearish grip. Data from CoinMarketCap reveals that the DOGE price is bearish across all timeframes except the yearly chart. There are losses of 1.8%, 20.2%, and 26.0% on the weekly, biweekly, and monthly timeframes.

A crypto analyst known as VipRoseTr highlights that the memecoin is trading within a falling wedge and is approaching major support. They predict that the DOGE price could surge to new levels if it holds above the $0.2 support. Falling below this level would invalidate the bullish price forecast.

If the support holds, VipRoseTr predicts that the DOGE price could rally towards $0.45304 and then $0.52918. In a very bullish scenario, the DOGE price could even climb to $0.60684. Currently, the sentiment surrounding the cryptocurrency is bearish.

The Fear and Greed Index shows that investors’ interest has reduced greatly. However, the Stoch RSI (14) is in the buy territory and supports a DOGE price surge.

INTL Presale Figures Keep Rising

IntelMarkets (INTL) is one of the emerging AI-based cryptocurrency trading platforms that is growing in the market. INTL is in the ninth stage of its blockchain ICO and is currently valued at $0.082455, an increase of over 810% in the past few months. It has also attracted over $8.6 million in funding, which shows that investors are interested in the project.

Meanwhile, IntelMarkets offers an array of advanced trading tools. The Intell-Array Multichannel Analysis tool is one such tool. It is designed to address the problem of the large number of data and indicators on the market. It is intended to assist the trader to identify the trading opportunities and make the right decision within the shortest time possible.

Furthermore, IntelMarkets has an AI-based trading bot that can learn and improve with every trade. These AI bots assist the users in making good trading decisions by providing much information.

Introducing elements like AI and powerful trading tools makes IntelMarkets the best choice for crypto trading of the future. IntelMarkets is all set to revolutionize the $264 billion cryptocurrency trading market by offering the most advanced AI tools for novices and professionals.

Top Crypto Coins To Watch This Cycle

The Ethereum price is targeting $6k while the DOGE price is battling to remain above a key support level. Meanwhile, IntelMarkets is among the best altcoins to invest in this cycle. Although it is a fairly new platform, it has a good market potential to be one of the most profitable in the crypto space.

For more information about IntelMarkets (INTL) visit the links below:

Presale: https://intelmarkets.io/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets