Ethereum Chart Signals Possible 7% Rally if $2,375 Breaks Cleanly
Ethereum is back at a familiar inflection point, and traders are watching the same chart level from two different angles. Crypto analyst Ali Martinez said ETH has reached the top of its channel around $2,375, a zone that has previously acted as resistance and sent the price back toward the lower end of the range. At the time of writing, Ethereum is trading near $2,339.32, after hitting an intraday high of $2,394.25 and a low of $2,309.87, which shows the market is already pressing right into that overhead barrier. That makes Martinez‘s warning especially relevant. Based on the current price, ETH is sitting about 1.5% below the $2,375 ceiling, while the lower channel boundary near $2,210 is roughly 5.5% beneath current levels. In other words, Ethereum is close enough to resistance that a relatively small move could decide whether the next swing is a breakout or another rejection. If buyers manage a daily close above $2,375, the move would not just clear a technical wall; it would also open the door to Martinez’s next target near $2,550, which is about 7.4% above the breakout point and roughly 9% above the current price. The setup matters because Ethereum has been trying to rebuild