Good news for altcoin investors: Could ETH reach $6,000?
Crypto analyst Ali Martinez has sparked excitement with his latest Ethereum forecast, suggesting that ETH might be on track to hit $6,000. Martinez highlights the technical pattern known as the "Rising Channel," where ETH has historically bounced from its lower limits to achieve an average price surge of 130%.
Currently, as long as ETH holds above $2,300, the ascending channel points toward a potential breakout, leading to the $6,000 mark.
Martinez notes that a breakout above the upper trend line could signal a bullish rally, while a dip below may bring sharp declines. Keep an eye on spot ETH ETFs as inflows could fuel a stronger altcoin bull run.
Will Ethereum rise to $6,000? The chart suggests it just might.
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