Ethereum flips $2,385 to support, targets $2,900 after triangle breakout

Ethereum breaks $2,385; analyst sees path to $2,900.

Analyst Ali Martinez says Ethereum cleared $2,385, flipping it to support and opening “the path to $2,900.” Ethereum (ETH) gained over 3% in 24 hours.

He frames the move as a breakout from a February-built ascending triangle. The structure shifts bullish after repeated tests of a flat ceiling.

Martinez adds that the bullish view holds while price stays above $2,385. A drop back below would revive bearish pressure. Source.

Key levels from Martinez:
- Support at $2,385
- Near-term resistance around $2,721
- Technical target at $2,900

Price check: ETH trades near $2,420, up 3.43% on the day and 9.93% for the month, yet 51% below its $4,955 August 2025 ATH.