Whales Accumulate Ethereum (ETH) as They Target $6k
In a recent tweet, Ali Charts, a leading market analyst, revealed that whales have been buying large amounts of Ethereum (ETH) coins ever since the altcoin broke above $3,330. The accumulation by whales signals high optimism as they await a major rally. Ali is one such analyst who is bullish on Ethereum. He notes that ETH has very strong support between $3,700 and $3,810.
The analyst predicted in early December that Ethereum’s price could rise to a mid-term target of $6k before skyrocketing to $10k. Meanwhile, the Ethereum token is trading above $3,900. Data from CoinMarketCap reveals that its price has increased by 27.2% on a monthly basis and 7.8% on a bi-weekly basis. Its technical indicators, such as the Relative Strength Index, are bullish and support this potential uptrend.
