Analyst: ETH poised for rally to $2,900

Crypto analyst Ali Martinez has suggested that ETH has strengthened its potential to rise to $2,900 after breaking through the key resistance level of $2,385. He noted that with ETH turning this resistance into a support level, recent selling pressure has eased. Martinez added that a significant portion of the overhead supply has also been cleared, setting the stage for a further ascent. He predicts that as long as the price holds above this breakout zone, buying pressure will continue to lead the market.