Crypto Whales Accumulate Nearly $1,000,000,000 in ETH in Just One Month, According to Trader

Crypto whales have reportedly accumulated nearly $1,000,000,000 worth of Ethereum (ETH) in just one month, according to a trader. Analyst Ali Martinez claims that these deep-pocketed traders have purchased 410,000 ETH during this period. The amount of Ethereum held in wallets with one million to 10 million ETH has been steadily increasing since early December, as shown on a chart shared by Martinez. Ethereum is currently trading at $2,219. On the topic of layer-2 scaling solution Polygon (MATIC), Martinez highlights a bullish signal from the Tom DeMark (TD) Sequential indicator for the altcoin. He suggests that with increased buying pressure, MATIC could rebound towards $0.88 or even as high as $0.96. MATIC is currently valued at $0.781. Finally, Martinez expresses a bullish sentiment towards Bitcoin (BTC) as long as it remains above its immediate support level of $41,800. He notes that the presence of 2.41 million addresses holding over one million BTC creates a strong support zone. BTC is currently trading at $44,069.