Following a slight price dip on Friday, Ethereum (ETH) has displayed much resilience climbing by 2.84% in the past 24 hours. Commenting on the altcoin’s possible next movements, crypto analyst Ali Martinez has painted a potential trajectory to a new all-time high at $6,000. Related Reading: Ethereum Underperforming, Don’t Blame The Network Or Leadership: Here’s Why Ethereum Now At Critical Support Zone – Here’s Why In an X post on Saturday, Martinez shares that Ethereum is currently testing a key support level at $2,400. Notably, Ethereum slipped to around $2,410 on Friday and has since remained in this price zone following a recent rejection at $2,500. According to Ali Martinez, ETH must maintain support at $2,400 to avoid breaking an ascending channel that stretches as far back as July 2023. #Ethereum is testing a key support zone at $2,400. If this level holds, we might see $ETH aiming for the channel’s upper boundary near $6,000! pic.twitter.com/W8J8WVy5CL — Ali (@ali_charts) October 26, 2024 Based on the analyst’s trading chart, a successful retest at the specified support zone will allow ETH to ..
Support the originator by clicking the read the rest link below.
