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Home»ALTCOIN NEWS»According to Trader, the cryptocurrency whale has amassed nearly $1,000,000,000 in ETH in just one month.
ALTCOIN NEWS

According to Trader, the cryptocurrency whale has amassed nearly $1,000,000,000 in ETH in just one month.

By Crypto FlexsJanuary 9, 20242 Mins Read
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According to Trader, the cryptocurrency whale has amassed nearly ,000,000,000 in ETH in just one month.
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Crypto whales are rapidly accumulating Ethereum (ETH), the leading smart contract platform, according to a closely watched trader.

Analyst Ali Martinez says According to 39,700 followers on social media platform

The trader shares a chart that suggests the amount of Ethereum held in wallets containing between 1 and 10 million ETH has been steadily increasing since early December.

Source: Ali Martinez/X

Ethereum is trading at $2,219 at the time of writing, a slight increase on the day.

Go to Layer 2 Scaling Solution Polygon (MATIC), Martinez Called The Tom DeMark (TD) Sequential Indicator, which aims to identify turning points in the market with a value of 9 indicating a possible reversal, is flashing bullish signals for altcoins.

“Polygon: TD Sequential indicates a buy signal on the MATIC 4-hour chart. A surge in buying pressure from current levels could potentially see MATIC bounce back to $0.88 and even $0.96.”

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Source: Ali Martinez/X

As of this writing, MATIC is worth $0.781.

We conclude our analysis of cryptocurrency king Bitcoin (BTC) Martinez. Called He is bullish on the leading digital asset as long as it holds above its immediate support level.

“As long as Bitcoin maintains its position above $41,800, the outlook remains optimistic. This critical level is strengthened by 2.41 million addresses holding more than 1 million BTC, forming a substantial support zone. Additionally, any future resistance will be relatively minor, further strengthening the chances of price stability or upside.”

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Source: Ali Martinez/X

At the time of this writing, Bitcoin is trading at $44,069.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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