Ethereum

Solana

Crypto analyst Ali Martinez has reported that wealthy investors are amassing billions of dollars in <a href="https://optimisus.com/news/crypto-news/is-altcoins-season-over-or-just-starting/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> due to its bullish signal on its daily chart.  
Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum.  
The TD Sequential has issued a buy signal, forecasting a one to four daily candlestick rebound for ETH. Currently, Ethereum's price is $3,575, reflecting a slight increase over the past 24 hours.  
Martinez also reports that Solana (SOL), a competitor to Ethereum, also shows a buy signal on its daily chart, indicating a significant support level at $141. If current support continues, SOL may rebound for one to four daily candlesticks if current support remains.  
Last week, Ethereum co-founder Vitalik Buterin has defended meme coins, citing seven practical uses they could integrate into everyday life. Despite skepticism from the crypto community, Buterin believes meme coins can make positive contributions beyond entertainment and speculation.  
Critics argue they lack substantial impact and should not dominate the crypto conversation, while founder Matthew Gould compares meme coins to ICOs.

Crypto Whales Buy $2,450,000,000 in Ethereum

Optimisus

Other articles published on Jun 18, 2024

Circle Expands Workforce By 15% For Further Expansion: Report

MoonBag Top Crypto Presale in June 2024 – Will These Magic Beans Beat Cosmos and Immutable X?

Memecoin Mania Coming: Analysts Pick Floki, dogwifhat, and Angry Pepe Fork for Huge Profits

‘No clear catalyst’ for bloodbath as top altcoins fall double digits

XRP Price Bounces Back Despite a Bearish Macro Finance Week, New ATH Soon?

MoonBag Top Crypto Presale, Experts Predicts 10x Rise by December, Leaving Behind Shiba Ibu And A...

Join our free newsletter for daily crypto updates!