Analyst sees ETH rising to $3K if it holds above $2,570

Cryptocurrency analyst Ali said ETH could rise as high as $3,000 if it holds support at $2,570. In a post on X, Ali said ETH has continued to trade within an ascending channel on the four-hour chart despite recent volatility, with support near the channel’s lower bound around $2,375. Ali added that about 140,000 ETH, worth $350 million, has left exchanges over the past four days, indicating a stronger long-term holding bias among investors. Lower ETH supply on exchanges could ease potential selling pressure and support an upside breakout, Ali said.