Whale Watch: Ethereum Holdings Surge by Nearly $1 Billion in 30 Days, Unveils Trader Insights
Renowned analyst Ali Martinez, followed closely for crypto insights, reports a swift accumulation of Ethereum (ETH) by significant crypto whales.
In the past month alone, deep-pocketed traders have acquired a staggering 410,000 ETH, valued at approximately $1 billion. As disclosed to Martinez’s 39,700 followers on X. Martinez emphasizes the rising trend in Ethereum holdings within wallets boasting one to ten million ETH since early December, backed by an illustrative chart. Ethereum is currently priced at $2,219, reflecting a marginal daily increase. Shifting focus to layer-2 scaling solution Polygon (MATIC), Martinez notes a bullish signal on the Tom DeMark Sequential indicator, suggesting a potential MATIC rebound to $0.88 or even $0.96 with heightened buying pressure.
As of now, MATIC is valued at $0.781. Concluding with Bitcoin (BTC), Martinez expresses bullish sentiment, emphasizing the importance of maintaining a position above $41,800. Supported by 2.41 million addresses holding over one million BTC, this critical level forms a robust support zone. With minimal resistance ahead, the outlook for stable or rising Bitcoin prices remains promising.
Clever Robot News Desk 9th January 2024
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