Cryptocurrency analyst Ali Martinez recently provided an evaluation of Ethereum and the overall cryptocurrency market. According to Martinez, there are currently no obstacles preventing Ethereum’s price from reaching a new all-time high. He mentioned that the only moderate resistance on the way is at $4,540 and emphasized that the momentum favors the bulls as long as the price remains above $3,560.
As of now, the price of Ethereum is trading at approximately $4,000.
In related news, Martinez also discussed XRP and shared an interesting detail about the coin despite its recent decline. He revealed that crypto whales purchased a significant amount of XRP after its price dropped from $2.90 to $2.22. According to Onchain data, these crypto whales bought a total of 120 million XRP, which is valued at $288 million in dollar terms. Currently, the price of XRP stands at $2.55, and the community anticipates a new all-time high price level for this coin.
*This information should not be considered as investment advice.
