ETH Holds $2570 Support, Could Rise to $3000

Cryptocurrency analyst Ali has predicted that Ethereum (ETH) could rise to $3000 if it holds support at $2570. He explained on X that despite recent volatility, ETH remains within an upward channel on the four-hour chart, supported near the lower boundary of the channel around $2375. Additionally, he noted that approximately 140,000 ETH (worth $35 million) has been withdrawn from exchanges over the past four days, indicating stronger long-term holding behavior among investors. The decrease in exchange supply could alleviate potential selling pressure and support a breakout higher.