Ethereum Price Eyes $2,570 Breakout After Reclaiming Key Trendline

Ethereum's price has recovered and is trading near $2,460 and $2,480. Analyst Ali Charts notes that ETH remains inside a 4-hour price channel despite recent volatility.

The analyst identified $2,570 as the upper boundary and key level to watch on the 4-hour chart. Cryptorphic separately pointed to the $2,460 trendline as the immediate test for Ethereum's price.

Ethereum bounced from the $2,365-$2,380 support zone after the recent decline and moved back toward the broken rising trendline around $2,460. Reclaiming it could bring the $2,520-$2,530 resistance zone into focus, which has acted as repeated resistance on Cryptorphic's 3-hour chart.

Ali Charts said a strong 4-hour close above $2,570, supported by volume, could confirm a breakout. The analyst then identified $2,700 and potentially $3,000 as subsequent levels. Ethereum, therefore, has several marked levels between its current price and Ali Charts' $2,570 target.