Crypto Whales Accumulate $230 Million in Ethereum (ETH) Over One Week, Says Noted Trader

A prominent crypto analyst reports that in the past week, crypto whales have amassed Ethereum (ETH), a leading altcoin, investing hundreds of millions of dollars.

Crypto strategist Ali Martinez, with a following of over 36,100 on social media platform X, reveals in a recent update that high-value traders have significantly increased their Ethereum (ETH) holdings. Martinez highlights that these major Ethereum whales have acquired more than 100,000 ETH in the last week alone, amounting to an impressive $230 million investment

Source: Ali Martinez/X

At the time of reporting, Ethereum (ETH) is valued at $2,171. Turning attention to the dog-themed meme cryptocurrency, Shiba Inu (SHIB), strategist Ali Martinez observes that this competitor to Dogecoin (DOGE) is poised for an upward rally. This follows SHIB's recent break above its diagonal resistance. Martinez suggests, 'If Shiba Inu maintains its key support level at $0.0000103, we could see its value rise to $0.0000140.

Source: Ali Martinez/X

Currently, Shiba Inu (SHIB) is priced at $0.0000109. Concluding his analysis, Ali Martinez turns to the smart contract platform Fantom (FTM). He notes a bullish indicator for the altcoin, as an increase in network growth, marked by a consistent rise in new addresses making higher highs and lows, indicates growing demand for FTM. Martinez explains, 'The uptrend in Fantom's network growth, evidenced by the spike in new user interest, could soon positively impact FTM's market value.

Source: Ali Martinez/X

As of the current report, Fantom (FTM) is trading at a value of $0.39

Dec 18, 2023

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