Ethereum is testing resistance at the $1,796 level, which crypto analyst alicharts describes as the 0.8 MVRV pricing band. According to ChainCatcher, the analyst said a daily close above $1,796 that then holds as support would reinforce the bullish setup and could open a move toward Ethereum’s “realized price” level of $2,245.
Alicharts added that clearing both $1,796 and $1,816 would constitute a bullish breakout signal. From a technical perspective, the analyst said such a move would increase the likelihood of ETH breaking above the channel top near $1,844 and beginning an advance toward $2,245.
Alicharts: Ethereum Needs Daily Close Above $1,796 to Strengthen Bullish Case
2026-07-07 02:56:55
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