Ethereum Accumulation by Whales

A closely followed crypto analyst reports that wealthy investors are significantly increasing their holdings in the leading smart contract platform, Ethereum (ETH).

Citing data from crypto analytics firm Santiment, trader Ali Martinez informs his 129,100 followers on the social media platform X that Ethereum whales have accumulated over $422 million worth of ETH in just a single day.

> “Whales bought another 190,000 Ethereum (ETH) in the last 24 hours, shows data from Santiment!”
> Source: Ali Martinez/X

At the time of writing, ETH is valued at $2,221.

Bitcoin Analysis

Looking at Bitcoin (BTC), Martinez outlines crucial support and resistance levels based on investor cost basis.

> “The strongest resistance for Bitcoin (BTC) sits at $97,828.56, where 360,470 BTC were accumulated. Meanwhile, the biggest support is at $64,078.53, backed by 194,530 BTC.”
> Source: Ali Martinez/X

Currently, Bitcoin is trading at $86,356.

Dogecoin Support Level

Regarding the top memecoin, Dogecoin (DOGE), the analyst states that the altcoin is currently maintaining a vital support level at $0.185.

> “Dogecoin (DOGE) holds above a critical support level!”
> Source: Ali Martinez/X

As of now, DOGE is priced at $0.206.

XRP Price Prediction

Concerning the payments altcoin XRP, the crypto strategist predicts that the fourth-largest coin by market cap may decline to as low as $1.65 while trading within an ascending channel.

> An ascending channel is a pattern indicating that an asset is on an uptrend as it respects the diagonal support and resistance levels of the structure.
> Source: Ali Martinez/X

At present, XRP is trading at $2.24.

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