Ethereum Whales Make Massive Move While Bitcoin Hits Key Price Zones

A well-known crypto analyst has highlighted a surge in Ethereum accumulation by large investors, suggesting increased confidence in the leading smart contract platform.

Drawing from data provided by Santiment, trader Ali Martinez reported that Ethereum whales purchased approximately $422 million worth of ETH within a single day.

According to the latest insights, deep-pocketed holders scooped up 190,000 ETH in just 24 hours, signaling strong demand for the asset.

Meanwhile, Martinez also analyzed Bitcoin’s key price levels, identifying a significant resistance zone at $97,828, where investors have accumulated 360,470 BTC.

On the support side, Bitcoin appears to have a strong foundation at $64,078.53, bolstered by the holdings of 194,530 BTC.

The strongest resistance for #Bitcoin $BTC sits at $97,828.56, where 360,470 BTC were accumulated. Meanwhile, the biggest support is at $64,078, backed by 194,530 BTC. pic.twitter.com/MgHNTI2Oyn

— Ali (@ali_charts) February 28, 2025

At the time of writing BTC is trading at around $92,000 after regaining some of the losses that occured in the last market slump.

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