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Ethereum Eyes Key Support At $2,350 — Price Surge To Follow?

  • Prominent market analyst Ali Martinez believes that if Ethereum (ETH) can reclaim the key support level at $2,350, it may lead to further price gains, with a potential target of $3,528 and a possible rally to the $4,164 level.
  • On the other hand, failure to reclaim the support level may result in a deeper correction, with a potential crash to $1,444 indicated by Glassnode's data.
  • Currently, Ethereum is trading at $2,134, experiencing a 1.89% decline in the last 24 hours and a total decline of 23.58% over the past 30 days.
  • Despite the price fall, Ethereum whales have shown optimism with strong accumulation behavior, acquiring 1.1 million ETH in 48 hours and withdrawing 330,000 ETH from exchanges.

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