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Opinion: Ethereum is testing a key resistance level, and a breakout could see it rally to $2,245.

2026.07.07 10:53:10

According to crypto analyst alicharts, Ethereum is currently testing resistance at the $1796 level of its 0.8 MVRV price band. If Ethereum closes above this level on the daily timeframe and successfully holds it as support, the bullish thesis will be strengthened, potentially paving the way for a move toward Ethereum’s realized price of $2245. Alicharts further notes that breaks above both $1796 and $1816 would trigger a bullish breakout. From a technical perspective, such a move would also boost ETH’s chances of breaking above the channel top at $1844 and advancing toward the $2245 realized price.

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A crypto whale’s $214 million ETH long positions face liquidation risk, with liquidation prices set at $2256.45 and $2226.53 respectively.

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