— Ali Charts (@alicharts) August 12, 2026
On-chain analyst Ali Martinez sees $1,580 as an important support level that could act as a launchpad for Ethereum’s next major move. He believes $3,000 is the next key target if ETH continues to strengthen.
Michaël van de Poppe also has a bullish view, saying he would not be surprised to see Ethereum make a strong move toward $3,000 in the coming days or weeks.
A move toward $3,000 would therefore turn ETH into a major catalyst for the wider altcoin market.
Bear Case: ETH Fails at $2,000
The bearish scenario begins if Ethereum fails to clear $1,900-$2,000 and sellers take control. A rejection could keep ETH trapped inside its long-running consolidation and push the price toward $1,700.
If selling intensifies, the next downside area could be around $1,500, $1700. ETH could also simply continue moving sideways if neither buyers nor sellers gain enough strength for a decisive breakout.
What It Means for Altcoins
The Others/BTC chart has remained largely sideways for more than a year after a prolonged downtrend. That makes Ethereum’s next move especially important.
A powerful breakout above $2,000 would build the case for an altcoin recovery and put $3,000 within reach. A rejection, however, could delay the broader altcoin rally and keep ETH and other altcoins in consolidation.
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