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 from reaching a new all-time high. He mentioned that the only moderate resistance on the way is at $4,540, and as long as the ETH price remains above $3,560, the momentum is in favor of the bulls. At the time of writing, the ETH price 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 bought from the bottom after the XRP price dropped from $2.90 to $2.22. According to Onchain data, these crypto whales purchased a total of 120 million XRP, which is valued at $288 million in dollar terms. Currently, the XRP price stands at $2.55, and the community anticipates that the coin will achieve an all-time high price level.
*This information should not be considered as investment advice.