A crypto analyst is reporting that large investors, known as whales, have been aggressively buying Ethereum (ETH). They reportedly scooped up over $815 million worth of ETH in just five days.
Ethereum: Strong Support, Potential Resistance
Analyst Ali Martinez highlights that this massive purchase happened during a broader market correction. He’s also tracking Ethereum’s price, noting key support around $1,870 and resistance at $2,050. At the time of writing, ETH was trading around $1,941.
Bitcoin: Breakout Potential?
Martinez is also bullish on Bitcoin (BTC). He believes a breakout from an ascending triangle pattern could send BTC soaring towards $90,000, as long as the $84,000 support level holds. BTC was trading at approximately $84,288 at the time of this report.
Cardano: Awaiting Breakout
Finally, Martinez predicts a potential rally for Cardano (ADA) if it breaks through a triangle pattern’s resistance around $0.75. He suggests a 15% price increase could follow a successful breakout. ADA was trading at $0.744 when this information was compiled.
Disclaimer: This information is for general knowledge only and does not constitute financial advice. Always conduct thorough research and consider your own risk tolerance before investing in cryptocurrencies.
/p>
