Ethereum Could Fall to $1,580 as Analyst Ali Martinez Flags Bearish Setup

Crypto analyst Ali Martinez shared a 1-hour Ethereum chart on X, highlighting that the asset has fallen out of its trading channel and dropped below the 200-hour simple moving average. In his update, he pointed to this technical breakdown as a sign of weakening momentum in the short-term trend.

Building on this outlook, Martinez suggested that the current structure may leave ETH vulnerable to further downside pressure, with the next potential level around $1,580 if selling continues.

Source: Ali Charts