Ethereum Price Faces Final Hurdle Before Bull Run, Says Top Analyst

Crypto chart analyst Ali Martinez says Ethereum is approaching a critical level that will decide its next major move. With ETH trading near $2,696, buyers face a final hurdle around $2,700-$2,750.

This zone holds significance because it marks the apex of a large symmetrical triangle on the chart, indicating a tighter price range before a potential breakout. The challenge lies in the amount of ETH previously traded at higher levels.

A large supply area between $2,722 and $2,822 has seen over 13.3 million ETH change hands, making it crucial for buyers to break above this zone to confirm their control.