Analyst: Ethereum may break through $6000, the key is to hold the support level at $2300

ChainCatcher message, crypto analyst Ali (@ali_charts) posted on social media that, based on historical data, whenever the price of Ethereum touches the lower boundary of its trading channel and rebounds, it typically triggers an average increase of about 130%.

Ali stated that if this pattern continues to hold, a similar price movement could drive the price of Ethereum up to $6000. However, this depends on whether Ethereum can hold the key support level of $2300.