Crypto whales loaded $3,807,886,076 worth of Ethereum in just two days, according to analyst
A prominent cryptocurrency analyst said that deep-pocketed investors have been spotted loading huge amounts of Ethereum (ETH).
Trader Ali Martinez He tells His 119,200 followers on the social media platform
“Whales bought over 1.14 million Ethereum $ETH [48 hours!]”
At the time of writing, Ethereum is trading at $3,340.
The trader is also keeping an eye on the interoperable Polkadot (DOT) blockchain. According to Martinez, DOT appears prepared Ignite It has exploded significantly higher as it threatens to break out of the bullish continuation pattern.
“Polkadot DOT looks set to break out of the bullish flag, targeting $17!”
At the time of writing, DOT is worth $6.34.
Given the Aptos Layer 1 Protocol (APT), Martinez warns The cryptocurrency asset appears to be forming a bearish reversal structure on the 12-hour chart. The trader says that APT should spark rallies soon otherwise the altcoin could see a severe corrective move.
“Aptos APT appears to be forming a head and shoulders pattern, with a potential downside target at $4.30. A sustained close above $10.50 is needed to invalidate the bearish outlook.”
At the time of writing, APT’s trading price is $8.26.
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