Ethereum

<div class="dailyhodl"> 
 <p>A closely followed trader says that crypto whales are rapidly accumulating the leading smart contract platform Ethereum (ETH).</p> 
 <p>Analyst Ali Martinez tells his 39,700 followers on the social media platform X that deep-pocketed crypto traders have purchased 410,000 ETH, worth about $1 billion, in just the last month.</p> 
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 <p>The trader shares a chart suggesting that the amount of Ethereum held in wallets with one million to 10 million ETH has been steadily rising since <a rel="dofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> December.</p> 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDLKPCpWsAAGkoF?format=jpg&amp;name=4096x4096" alt="GDLKPCpWsAAGkoF" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Ethereum is trading for $2,219 at time of writing, a fractional increase on the day.</p> 
 <p>Moving on to layer-2 scaling solution Polygon (MATIC), Martinez says that the Tom DeMark (TD) Sequential indicator, which aims to identify turning points in a market with a value of nine signaling a possible reversal, is flashing a bullish signal for the altcoin.</p> 
 <p><em> “Polygon: the TD Sequential presents a buy signal on MATIC four-hour chart. A spike in buying pressure around the current levels could see MATIC rebound, potentially toward $0.88, and even as high as $0.96.”</em></p> 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDKB3fYXEAAshzM?format=jpg&amp;name=4096x4096" alt="GDKB3fYXEAAshzM" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>At time of writing, MATIC is worth $0.781.</p> 
 <p>Wrapping up his <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with crypto king Bitcoin (BTC), Martinez says he remains bullish on the top digital asset as long it stays above its immediate support level.</p> 
 <p><em> “As long as Bitcoin maintains its position above $41,800, the outlook remains bullish. This crucial level is bolstered by 2.41 million addresses holding over one million BTC, forming a substantial support zone. Additionally, the resistance ahead appears relatively minor, further strengthening the potential for stable or rising prices.”</em></p> 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
  <img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDBq0fdWIAAMcmL?format=jpg&amp;name=4096x4096" alt="GDBq0fdWIAAMcmL" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 </figure> 
 <p>Bitcoin is trading for $44,069 at time of writing.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-whales-accumulate-nearly-1-000-000-000-in-eth-in-just-one-month-according-to-trader-tbt75960.html">https://thebittimes.com/crypto-whales-accumulate-nearly-1-000-000-000-in-eth-in-just-one-month-according-to-trader-tbt75960.html</a></p>

Crypto Whales Accumulate Nearly $1,000,000,000 in ETH in Just One Month, According to Trader

TheBitTimes

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