A closely followed crypto analyst says deep-pocketed investors are loading up on the leading smart contract platform Ethereum ( ETH ). Citing data from crypto analytics firm Santiment, trader Ali Martinez tells his 129,100 followers on the social media platform X that Ethereum whales accumulated over $422 million worth of ETH in just one day. “Whales bought another 190,000 Ethereum ETH in the last 24 hours, shows data from Santiment!” Source: Ali Martinez/X At time of writing, ETH is worth $2,221. Looking at Bitcoin ( BTC ), Martinez identifies crucial support and resistance levels for the crypto king based on investor cost basis. “The strongest resistance for Bitcoin BTC sits at $97,828.56, where 360,470 BTC were accumulated. Meanwhile, the biggest support is at $64,078.53, backed by 194,530 BTC.” Source: Ali Martinez/X At time of writing, Bitcoin is trading for $86,356. Turning to the top memecoin Dogecoin ( DOGE ), the analyst says the altcoin is currently respecting a key support level at $0.185. “Dogecoin DOGE holds above a critical support level!” Source: Ali Martinez/X At time of writing, DOGE is worth $0.206. As for the payments altcoin XRP, the crypto strategist says that the fourth-largest coin by market cap may drop to as low as $1.65 as it trades within an ascending channel. Source: Ali Martinez/X An ascending channel is a pattern suggesting that an asset is in an uptrend as it respects the diagonal support and resistance levels of the structure. At time of writing, XRP is trading at $2.24. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ethereum Whales Gobble Up $422,123,359 Worth of Ethereum (ETH) in Just 24 Hours, Says Crypto Analyst appeared first on The Daily Hodl .
