title: Whales Load Up on Ethereum (ETH) as Bitcoin (BTC) Prepares to Breakout

A closely followed crypto analyst says deep-pocketed investors are loading up on the leading smart contract platform Ethereum (ETH).

Deep-pocketed investors, also known as whales, have been massively accumulating the leading smart contract platform Ethereum (ETH) as the crypto trades above the crucial $2,200 support level.

According to crypto analyst Ali Martinez, whales bought another 190,000 Ethereum (ETH) in the last 24 hours, shows data from Santiment.

As for the crypto king Bitcoin (BTC), Martinez identifies crucial support and resistance levels for the asset based on investor cost basis.

"The strongest resistance for Bitcoin BTC sits at $97,828.56, where 360,470 BTC were accumulated. Meanwhile, the biggest support is at $64,078.53, backed by 194,530 BTC."

Looking at the top memecoin Dogecoin (DOGE), the analyst says that the altcoin is currently respecting a key support level at $0.185.

"Dogecoin DOGE holds above a critical support level!"

As for the payments altcoin XRP, the crypto strategist says that the fourth-largest coin by market cap may drop to as low as $1.65 as it trades within an ascending channel.

An ascending channel is a pattern suggesting that an asset is in an uptrend as it respects the diagonal support and resistance levels of the structure.

"XRP price action prepares for another leg down. A drop to the $1.65 region is possible as long as the ascending channel remains valid."