A prominent crypto analyst says deep-pocketed investors have been spotted loading up on massive amounts of Ethereum (ETH).
Trader Ali Martinez tells His 119,200 followers on the social media platform
“Whales have purchased over 1.14 million Ethereum $ETH [48 hours!]”
At the time of writing, Ethereum is trading at $3,340.
The trader is also keeping an eye on the interoperable blockchain Polkadot (DOT). According to Martinez, DOT seems ready light a major upside burst as it threatens to break out of a bullish continuation pattern.
“Polkadot DOT looks ready to break out of the bull pennant and targets $17!”
At the time of writing, DOT is worth $6.34.
Looking at the layer-1 protocol Aptos (APT), Martinez warns that the crypto asset appears to be forming a bearish reversal structure on the 12-hour chart. The trader says APT needs to trigger rallies quickly or the altcoin could witness a serious corrective move.
“Aptos APT appears to be forming a head-and-shoulders pattern, with a potential downside target of $4.30. A sustained close above $10.50 is needed to negate the bearish outlook.”
At the time of writing, APT is trading at $8.26.
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Generated image: DALLE3
