Ethereum

Dogecoin

Fantom

Shiba Inu

<div class="dailyhodl">
 <p>A closely followed analyst says that crypto whales have gobbled up hundreds of millions of dollars worth of top altcoin Ethereum (ETH) during the last seven days.</p>
 <p>In a new thread, crypto strategist Ali Martinez tells his 36,100 followers on the social media platform X that deep-pocketed traders have accumulated tens of thousands of ETH over the past week.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><em>“Some of the largest Ethereum whales have been on a buying spree, scooping up over 100,000 ETH in just the past week – that’s a whopping $230 million!” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBdV2tgX0AIhRd4?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
  </figcaption>
 </figure>
 <p>Ethereum is trading for $2,171 at time of writing.</p>
 <p>Moving on to dog-themed meme asset Shiba Inu (SHIB), Martinez notes that the Dogecoin (DOGE) rival appears to be on the cusp of a rally to the upside after breaking above its diagonal resistance.</p>
 <p><em> “Shiba Inu is showing signs of breakout! If SHIB maintains the crucial support level at $0.0000103, the next stop for SHIB could be $0.0000140.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBfvC9nXwAEJP2e?format=jpg&amp;name=4096x4096" alt="Image" width="2232" height="1452">
  <figcaption class="wp-caption-text">
   Source: Ali Martinez/X
  </figcaption>
 </figure>
 <p>SHIB is trading for $0.0000109 at time of writing.</p>
 <p>Wrapping up his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with the smart contract protocol Fantom (FTM), Martinez says that the altcoin is flashing a bullish signal as an uptrend in its network growth points toward higher demand for the token.</p>
 <p><em>“The Fantom network is witnessing a bullish sign with a steady rise in new addresses, consistently making higher highs and higher lows. This uptrend in network growth suggests a surging demand for FTM. Such a spike in user interest could soon start reflecting in FTM’s price.” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBe-fWwWoAAhRjU?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
  </figcaption>
 </figure>
 <p>Fantom is trading for $0.39 at time of writing.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-whales-heavily-loading-up-on-ethereum-accumulate-230-000-000-in-eth-in-one-week-trader-tbt74034.html">https://thebittimes.com/crypto-whales-heavily-loading-up-on-ethereum-accumulate-230-000-000-in-eth-in-one-week-trader-tbt74034.html</a></p>

Crypto Whales Heavily Loading Up on Ethereum, Accumulate $230,000,000 in ETH in One Week: Trader

TheBitTimes

Other articles published on Dec 18, 2023

Crypto New Year heats up as ‘bull market of century’ awaits

Fund Inflows Stopped in Bitcoin for 11 Weeks! Institutional Investors Turned to Altcoins: This Al...

Death of Clicks? AI Search Puts News Publishers on Life Support

Athur Hayes Predicts Bonk Flipping Shiba Inu; Shibarium Burns Another 8 Bln SHIB

Metagood Secures $5 Million To Propel Osura Marketplace for Bitcoin Art

FTX Bankruptcy Blueprint Sets Stage for Creditor Repayment Phase

Join our free newsletter for daily crypto updates!