ETH Surges Past $2,600 as Network Fees Plummet

Ethereum (CRYPTO: ETH) has reclaimed $2,600 after a week of fluctuation. Trader eyes are now on the next potential breakout.

According to chart analyst Ali Martinez, Ethereum remains inside its four-hour price channel despite heightened volatility in recent sessions. The altcoin recently tested the channel's lower boundary, setting up a potential rebound toward the midpoint and eventually the upper boundary around $2,570.

Martinez identified $2,570 as the key breakout level which ETH broke on Friday. A strong four-hour close above this level, supported by volume, could open the door to $2,700 and potentially $3,000.