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

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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.

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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.

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