Analyst sees Ethereum climbing to $5,700 if ascending channel holds

Ethereum trades inside an ascending channel and sits near its lower bound. Analyst Jonathan Carter maps five upside targets, with new ATHs possible if structure stays intact source source.

Sideways action persists, but the weekly channel hasn’t broken. Carter calls this setup bullish while it holds source source.

Key conditions for the move:

• Channel structure remains intact source.
• $1,900 support continues to hold; a breakdown risks a sharp drop source.
• Bullish momentum builds as whales accumulate and coins leave exchanges source source.

Carter’s upside targets on the recovery path source:

• $2,350. About 15% from current levels.
• $2,800.
• $3,550. With resistance near $3,000 giving way source.
• $4,700.
• $5,700. Retest of the ~$4,900 ATH comes first.

Break the channel or lose $1,900, and the bullish setup fails source.