An analyst suggests Ethereum could rally towards $6,000, contingent on its price pattern. The cryptocurrency has been moving within an "Ascending Channel" pattern, indicating potential upside if it breaks above its current price trends.
Ali Martinez highlights that Ethereum needs to hit the lower boundary of this channel at $2,800 to potentially surge towards $6,000. Previous trends within this pattern led Ethereum to fluctuate, but with noteworthy rebounds. If it follows a similar path now, an 82% increase from its current $3,300 could happen.
However, market dynamics remain uncertain, dependent on these technical patterns.
