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Crypto

Ethereum Rally Above $2,000 Hinges on Support Level Hold

Guavy AI Editorial Team
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ETH
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Crypto analyst Ali Martinez has set a condition for Ethereum (ETH) to rally above $2,000. According to him, ETH's price must hold above its recent support level at $1,850.

Martinez pointed out that ETH's price has been forming a rising channel in its 1-hour timeframe, with a price target of $2,060 if the lower boundary support level holds.

He expects ETH to rally 10% as it currently trades at $1,882. The analyst also identified ETH's next resistance level at $1,900.

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