Ethereum Whales Gobble Up $422,123,359 Worth of Ethereum (ETH) in Just 24 Hours, Says Crypto Analyst

A closely followed crypto analyst says deep-pocketed investors are loading up on the leading smart contract platform Ethereum ( ETH ).

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

“Whales bought another 190,000 Ethereum ETH in the last 24 hours, shows data from Santiment!”

Source: Ali Martinez/X

At time of writing, ETH is worth $2,221.

Looking at Bitcoin ( BTC ), Martinez identifies crucial support and resistance levels for the crypto king 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

At time of writing, Bitcoin is trading for $86,356.

Turning to the top memecoin Dogecoin ( DOGE ), the analyst says the altcoin is currently respecting a key support level at $0.185.

“Dogecoin DOGE holds above a critical support level!”

Source: Ali Martinez/X

At time of writing, DOGE is worth $0.206.

As for the payments altcoin XRP, the crypto strategist says that the fourth-largest coin by market cap may drop to as low as $1.65 as it trades within an ascending channel.

Source: Ali Martinez/X

An ascending channel is a pattern suggesting that an asset is in an uptrend as it respects the diagonal support and resistance levels of the structure.

At time of writing, XRP is trading at $2.24.

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