Crypto Whales Heavily Loading Up on Ethereum, Accumulate $230,000,000 in ETH in One Week: Trader

A intently adopted analyst says that crypto whales have devoured up a whole bunch of tens of millions of {dollars} value of high altcoin Ethereum (ETH) over the last seven days.

In a brand new thread, crypto strategist Ali Martinez tells his 36,100 followers on the social media platform X that deep-pocketed merchants have amassed tens of hundreds of ETH over the previous week.

“Some of the largest Ethereum whales have been on a buying spree, scooping up over 100,000 ETH in just the past week – that’s a whopping $230 million!”

Supply: Ali Martinez/X

Ethereum is buying and selling for $2,171 at time of writing.

Shifting on to dog-themed meme asset Shiba Inu (SHIB), Martinez notes that the Dogecoin (DOGE) rival seems to be on the cusp of a rally to the upside after breaking above its diagonal resistance.

“Shiba Inu is showing signs of breakout! If SHIB maintains the crucial support level at $0.0000103, the next stop for SHIB could be $0.0000140.”

Supply: Ali Martinez/X

SHIB is buying and selling for $0.0000109 at time of writing.

Wrapping up his evaluation with the sensible contract protocol Fantom (FTM), Martinez says that the altcoin is flashing a bullish sign as an uptrend in its community progress factors towards greater demand for the token.

“The Fantom network is witnessing a bullish sign with a steady rise in new addresses, consistently making higher highs and higher lows. This uptrend in network growth suggests a surging demand for FTM. Such a spike in user interest could soon start reflecting in FTM’s price.”

Supply: Ali Martinez/X

Fantom is buying and selling for $0.39 at time of writing.

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