Ethereum Targets $3,000 Breakout Following Support at $2,375

Analyst Ali suggests Ethereum (ETH) is positioned for a potential rally toward $3,000 if it successfully clears the $2,570 resistance level. The analyst notes that ETH has maintained its position within a four-hour channel and observed that approximately $350 million worth of ETH has been withdrawn from exchanges over the past 96 hours, indicating a shift toward long-term holding and reduced sell-side pressure.