[Opinion: Ethereum is Testing a Key Resistance Level, Breakout Could Target $2,245] BlockBeats News, July 7, according to crypto analyst alicharts, Ethereum is currently testing resistance at the $1,796 level within the 0.8 MVRV pricing band. If the daily closing price exceeds this level and successfully holds it as support, it will strengthen the bullish case and could initiate a move toward Ethereum's realized price of $2,245. alicharts further noted that breaking through both $1,796 and $1,816 would trigger a bullish breakout. From a technical perspective, such a move would also increase the probability of ETH breaking above the channel top at $1,844 and beginning its advance toward the realized price of $2,245. [Original Link]
