ETH may rise to $2,722 if $2,475 support holds

Ethereum may have room to rise to $2,722 if it holds support around $2,475, crypto trader Ali Martinez said on X. Martinez said around $2,475 is a key support zone where about 2.86 million ETH previously changed hands. If ETH stays above that level, Martinez said the token has relatively strong upside potential toward $2,722. He added that the $2,723-$2,822 range could cap or slow the rally, as more than 10 million ETH was traded in that zone and selling pressure may emerge.