"Whales Continue to Buy ETH, Targeting $7000"
Son Min
Summary
- Analyst Ali Martinez stated that ETH could reach $7000.
- He reported that whales have accumulated 330,000 ETH in the past 7 days, forming upward momentum.
- He predicted that if the inverse head and shoulders pattern is completed along with recent buying trends, the price of Ethereum could reach $7000.
There is a claim that Ethereum (ETH) could reach $7000.
On the 17th (local time), Ali Martinez, a cryptocurrency analyst, stated on X, "In the past 7 days, whales have accumulated 330,000 ETH (worth $1 billion)," and "Ethereum is in a situation where it can rise more than 100%." He further predicted, "The continuous buying by whales is forming an upward momentum for Ethereum," and "if the inverse head and shoulders pattern is completed on the daily chart, Ethereum will reach $7000."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit