A veteran trader, Peter Brandt, believes Ethereum has a well-defined short side. According to him, a trade will remain valid as long as Ethereum remains below $2,830. At the same time, Solana’s daily transactions have been reduced to the lowest levels in months.
In other news, Intel Markets has captured the attention of Ethereum and Solana investors. In just a few days of its presale, the project has crossed over $180k. Analysts say its price will increase by 11x in the next few months.
Veteran Trader Comments on Ethereum (ETH)
In a recent tweet on X, Peter Brandt commented on the Ethereum (ETH) price movement. The veteran trader said he always looks for trades with a well-defined risk point. Brandt even applied this strategy to Ethereum crypto.
According to him, the altcoin has a “well-defined short-side trade.” The analyst said the trade remains valid as long as Ethereum remains below $2,830. Meanwhile, the price of the Ethereum coin has been dropping in the past few months.
The Ethereum price has dropped from a monthly low of $3,500 to $2,500 in August. Investors are expecting a turnaround in the coming weeks. However, this recovery will depend on the Ethereum price crossing the resistances at the 50-Day SMA ($2,983.54) and 200-Day SMA ($3,222.20).
Solana (SOL) Daily Transaction Fee Plummets
Kyle Doops, a market expert and the host of the Crypto Banter show, talked about the Solana blockchain recently. Doops posted a chart on X which showed daily transaction fees on the network have plummeted.
According to him, daily transaction fees on the Solana network plunged 87% from a peak in March to a low of $639k. This low figure means a decrease in the number of activities and less demand by users.
In the meantime, the price of Solana coin fluctuates between $100 and $200 on the monthly timeframe. Its market valuation is around the $50-$90 billion mark.
CryptoCurb forecast the price of Solana could increase to the $400-$500 range in the coming months. The cryptocurrency currently has immediate resistance at the 50-Day SMA ($156.36) and 200-Day SMA ($148.65).
Intel Markets Presale Keeps Growing, Crosses $180k
Intel Markets (INTL) is capturing the attention of many investors in the ICO market. Despite being a new project, Intel Markets has raised over $180k in just a few days of its presale. Its goal is to transform the $2 trillion crypto market using AI and blockchain technology. Intel Markets has an AI trading bot that has given 1,200 traders good cash in the market.
Also, Intel Markets offers 1000x leverage to its users. This high leverage allows them to take large positions and make high profits. In addition to this, Intel Markets has other benefits like fast trade execution, high liquidity, low fees, etc.
Intel Markets has a native token called INTL, which powers the platform. This coin is in the first stage of its presale and is priced at $0.009. This value will increase by 11x to a listing price of $0.11. Such potential growth makes Intel Markets a good investment choice now that Solana and Ethereum are battling with bearish pressure.
Why Are Ethereum and Solana Investors Joining Intel Markets?
Ethereum and Solana investors are rushing to this new project because of its potential for growth. Analysts forecast that Intel Markets value will increase to a listing price of $0.11. Those who buy it now will see an 11x ROI after the listing.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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