Ali Martinez Predicts Ethereum Rally to $2,060 if $1,850 Support Holds
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Analyst Ali Martinez says Ethereum could rally to $2,060 if the $1,850 support holds after a bounce within an ascending one-hour channel, with ETH trading at $1,861.87 (down 1.96% over 24 hours). Declining ETH exchange reserves point to tighter supply and rising funding rates signal stronger bullish sentiment without overheating, supporting potential price upside and wider crypto adoption.
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- Ali Martinez says Ethereum could reach $2,060 if the $1,850 support remains intact.
- ETH exchange reserves continue to decline, pointing to tighter supply across major platforms.
- Funding rates are rising, showing stronger bullish sentiment without overheating the market.
Ethereum is gearing up for another move higher after rebounding from a key support level, according to crypto analyst Ali Martinez.
His latest chart reveals ETH is still trading within a rising price channel. Martinez said Ethereum bounced after testing the lower boundary of its ascending channel on the one-hour chart.
As long as the $1,850 support holds, he believes ETH could rally toward the channel’s upper boundary near $2,060.
Ethereum is currently trading at $1,861.87, down 1.96% over the past 24 hours, according to CoinMarketCap. Despite the daily decline, the cryptocurrency remains up …
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