The renewed investor confidence has driven a whopping $1 billion into the Ethereum ETF recently. This bullish move by the crypto whales has significantly contributed to the ongoing ETH price and also affected Ethereum-based altcoins. Among the many, the IntelMarkets’ $0.09 altcoin has attracted many investors, with speculations about a 27,000% rally in the near term.
Ethereum ETF Inflow Dominated BTC & SOL
According to Lookonchain, Ethereum ETF inflows have outperformed other Layer-1 and Layer-2 blockchain networks in terms of stablecoin inflow in the last week. While Solana (SOL), Avalanche (AVAX), Toncoin (TON), and Optimism (OP) gained stablecoin outflows of $772M, $152.5M, $100M, and $85.7M, respectively, Ethereum ETF posted inflows of $1.1 billion.
The stablecoin flows indicate that investors may be moving capital from other blockchain networks into the Ethereum ETF ecosystem. If the trend continues, the ETH price could outperform other competing blockchain networks. The ETH price’s weekly performance compared to losses seen in SOL, AVAX, and TON shows its stablecoin inflow growth.
The recent surge in ETH price has also shown strength over the crypto king, Bitcoin, which faced a price loss of 2% in the past week. This could be attributed to increased inflows into US spot Ethereum ETFs. According to Glassnode, Ethereum ETF has seen net inflows of nearly 145,000 ETH just halfway into February, which is about 7x their entire net inflows in January.
ETH Price Performance: $2,700 Mark Holds Strong
According to Coinglas data, the ETH price experienced $61.8 million in futures liquidations in the last 24 hours. The total amount of long and short liquidations totaled $23.4 million and $38.4 million. The ETH price retested the resistance around $2,800 to $2,900 for the sixth time in the last two weeks.
If the ETH price faces rejection at this level, the altcoin will continue a trend where Ethereum has been consolidating between $2,500 and $2,850. However, if the ETH price sees a firm move above $2,817 and develops as a support, it could rally to test the upper boundary line of a descending channel.
IntelMarkets Could Skyrocket by 27,000% Following ETF Inflows
The recent activity in Ethereum ETFs has triggered a massive rally for IntelMarkets’ ongoing public presale. So far, the presale has raised over $10.6 million and sold more than 40 million $0.09 INTL tokens in the current stage 9. According to analysts, the $10 billion of ETF inflows could drive up to a 27,000% rally for IntelMarkets’ AI utility crypto soon.
This AI-powered platform is leading the ‘automated trading’ narrative with its advanced trading robots that deliver real-time reports. IntelMarkets is the first platform to offer robust trading performance with AI implementation on the blockchain layer. The platform offers insights from over 350,000+ data points and uses its technical architecture for security and convenience.
$10 Billion Ethereum ETF Rally Brings AI Crypto to the Spotlight
IntelMarkets is quietly becoming the talk of the town as massive inflows in the Ethereum ETF signal a potential 100x opportunity for this $0.09 altcoin. In terms of the latest development in the network, Rodeum is the infrastructure development layer for the upcoming IntelMarkets blockchain.
Rodeum AI will be deployed as the gateway to decentralized applications and support the INTL ecosystem with industry-leading development support. The development ecosystem on Rodeum is backed by over $500,000 in grants, which ensures strong financial backing for investors looking to join the network for AI-powered trading.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
