Ethereum could climb to $2.700 after breakout above $2.570

According to trader Ali Charts, Ethereum is currently moving within a tight 4-hour channel after the price reached the lower boundary. The analyst is looking for a recovery towards the middle of the channel and ultimately towards the upper boundary around $2.570, where he sees the critical level for further gains.

Ethereum is available at OKX and Bybit.

In brief:

• Ethereum is moving in a 4-hour channel and is currently reaching the lower boundary
• A strong close above $2.570 could lead to $2.700 and possibly $3.000
• ETH is currently at $2.440, up 1.8% in 24 hours

Critical resistance at $2.570

The key level for Ali Charts is $2.570. If Ethereum manages to post a strong closing candle above this level on the 4-hour chart, supported by volume, that could confirm a breakout.

Once through the resistance, the next target zone could be $2.700, with the potential to rise further to $3.000.

Current price position

With Ethereum at $2.440, the coin remains below the critical level, but the daily increase of 1.8% shows positive momentum. Holders are looking for a rebound from this lower level to begin the expected scenario.