Ali Martinez, one of the well-known analysts of the cryptocurrency world, talked about Ethereum (ETH) in his last post.
Evaluating the price movements of ETH, the analyst argued that the altcoin could experience a further rise. According to the analyst, the path ahead for ETH appears clear and there are no significant resistance hurdles on its upward path.
According to Martinez, the potential rise could extend to $2,700 and beyond. Ethereum price is trading at $2,329 at the time of writing this article and has increased by approximately 11% in the last month.
Martinez also thinks that there is a strong demand wall on the downside at the $2,000 level, which could serve as a solid support point in the event of a decline.
In addition, he also expressed his thoughts about Polygon (MATIC). According to the analyst, MATIC price may be on the verge of an upward breakout from an important symmetrical triangle formation. According to the analyst, he stated that he will first wait for the model to form, his first target is $ 1.25 and then his target is $ 1.82.
MATIC price is trading at exactly $1 at the time of this writing.
*This is not investment advice.
