Crypto analyst Ali Martinez reports that Ethereum (ETH) whales have been aggressively accumulating ETH, purchasing over 700,000 tokens worth approximately $2.45 billion in the past three weeks.
Bullish Signal on Daily Chart
Martinez highlights a bullish signal on Ethereum’s daily chart, indicating a potential bounce. The Tom DeMark (TD) Sequential indicator suggests a rebound of one to four daily candlesticks for ETH.
Solana Also Shows Bounce Signal
Martinez notes that Solana (SOL) is also displaying a bounce signal on its daily chart, with the TD Sequential indicating a buy signal at a key support level of $141. If this support holds, SOL could rebound for one to four daily candlesticks.
Market Outlook
At the time of writing, Ethereum is trading at $3,575, while Solana is trading at $148.91. Both cryptocurrencies have experienced slight gains in the past 24 hours.
