While the second-largest cryptocurrency has managed to defend the psychological $2,000 mark, its price remains far below the peak levels reached last summer.According to one popular analyst, though, it could be gearing up for a triple-digit increase, assuming a certain condition is met.The ‘Line in the Sand’As of this writing, ETH trades at around $2,100, up 4% on a weekly basis. Moreover, the renowned analyst Ali Martinez suggested that its price action could be in an ascending triangle and $1,800 might serve as the “line in the sand.”He believes holding that ground may trigger a bull run to as high as $4,900. Such a pump would mean a 130% rise from the current valuation and would put the price quite close to the all-time high of almost $5,000 witnessed in August 2025.Earlier this week, Martinez opined that ETH’s next major rally may only begin once it climbs back above its realized price around $2,500 – a zone described as the crucial “start-engine” trigger for a new bull phase.Other popular market observers who recently gave their two cents on ETH include Ted and ALTS GEMS Alert. The former thinks that as long as the $2,000 support holds, the asset could have another upside move.“Losing the $2,000 level means a new yearly low could happen soon,” he warned.The latter was much more bullish, arguing that the descending channel breakout “is looking clean” and predicting that a quick retest could push the price beyond $4,000.“Don’t get left behind. The Ethereum season starts now,” they added.Exploring Some IndicatorsOn-chain metrics, such as ETH’s exchange reserve, support the bullish outlook. Just a few days ago, the total number of coins stored on centralized trading venues dropped to a nearly 10-year low of under 15 million. Currently, the figure is quite close to the bottom, reflecting investors’ trend toward self-custody, thereby reducing immediate selling pressure.ETH Exchange Reserve, Source: CryptoQuantNext on the list is the Relative Strength Index (RSI), which fell below 30. This signals that the asset has entered oversold territory and could be on the verge of a resurgence. The technical analysis tool, which measures the speed and magnitude of recent price changes, runs from 0 to 100. Ratios above 70 are typically considered bearish and seen as warnings of an impending pullback.ETH RSI, Source: RSI Hunter The post Ethereum (ETH) Could Explode by 130% if This ‘Line in the Sand’ Holds: Details appeared first on CryptoPotato.