Ethereum’s Path to $3,000: All Eyes on This Level Now

The second-largest cryptocurrency saw significant volatility over the past week, eventually falling below $2,500. Despite the slight decline, many analysts still expect a strong rally, with targets extending to $3,000 and higher. Big Move Incoming?

Ethereum (ETH) has slipped to around $2,440 (per CoinGecko), but according to Ali Martinez, it remains contained within its 4-hour channel.

The analyst said the price has reached the structure’s lower boundary and that he’s now monitoring a potential rebound toward the mid-range and eventually the upper boundary near $2,570.

Martinez described this as a key level, predicting that a strong 4-hour close above (backed by volume) could confirm a breakout and set the stage for a jump toward $2,700 and even $3,000. BLADE and Mikybull Crypto also weighed in.