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Experts are sharing their insights on Ethereum (ETH) 
$2,611, highlighting its promising risk-reward ratio for long-term prospects. A well-known on-chain strategist pointed out that Ethereum has formed an upward channel on its weekly charts, attracting attention from a broad audience on social media.
Ali Martinez’s Comments on ETH
Analyst Ali Martinez identified an important support level for Ethereum below $1,880, targeting a price of $6,000. He remarked, “The risk-reward ratio for opening long positions in Ethereum is quite attractive. I set my stop-loss below $1,880, with my target being $6,000.”
Furthermore, according to Martinez, Ethereum has found strong support on the lower trend line of the rising channel and might soon test the upper resistance around $6,100.
Benjamin Cowen’s Perspectives
On the other hand, analyst Benjamin Cowen suggested that Ethereum could hit a bottom in the fourth quarter. He noted that there is a high probability of ETH dropping towards its logarithmic trend line, with a potential decline to the $1,000 range.
Cowen stated, “We see ETH at $2,400. However, I believe Ethereum could fall further in the coming months.” He emphasized that Ethereum has historically approached its logarithmic trend line during similar periods and may follow the same trajectory this year.
Status of Dogecoin
Martinez also noted positive signals for Dogecoin 
$0.240412 (DOGE). The TD Sequential indicator has provided a buy signal on the four-hour chart for DOGE. He mentioned, “If DOGE stays above the $0.141 support, it has a high chance of recovering to $0.162.”
Martinez added that if DOGE surpasses the $0.169 resistance, it could reach $0.209 with a 27% increase.
These analyses provide valuable insights for those participating in the cryptocurrency market. Comments on Ethereum and Dogecoin serve as important indicators for understanding market dynamics.
