Veteran Analyst Talks About Ethereum and XRP: Will the Bull Continue? What Are the Whales Doing?

Bitget App

Trade smarter

Bitcoinsistemi2024/12/08 11:00

By:Mete Demiralp

Cryptocurrency analyst Ali Martinez evaluated Ethereum and XRP in his statement. Here is the latest situation according to the analyst.

Cryptocurrency analyst Ali Martinez evaluated Ethereum, which made a splash with its rally, and the general cryptocurrency market in his latest statement.

According to the analyst, there are currently no obstacles left for Ethereum price to reach a new all-time high. Martinez noted that the only moderate resistance on the way is $4,540 and added that the momentum is with the bulls as long as the ETH price remains above $3,560.

At the time of writing, the ETH price is trading at around $4,000.

Related News Binance Labs May Have Sold These Two Tokens After Altcoin Market Rise

In addition, the analyst, who spoke about XRP, gave an interesting detail about the coin despite the recent decline. According to the analyst, after the XRP price dropped from $ 2.90 to $ 2.22, crypto whales bought from the bottom. According to Onchain data, crypto whales bought a total of 120 million XRP, and its value in dollar terms is $ 288 million. Currently, the XRP price is at $ 2.55, and the community expects an all-time high price level record for this coin.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!