ETH could rally to $2,245 if it breaks $1,796 resistance

Ethereum (ETH) could rise to $2,245 if it breaks through the $1,796 resistance level, crypto trader Ali Martinez said on X. He explained that $1,796 is a resistance zone according to the Market Value to Realized Value (MVRV) metric, which also aligns with the baseline of the TD Sequential trend reversal indicator. Above this, $1,816 acts as another resistance. Martinez noted that if ETH breaks above both these price points and surpasses the channel top of $1,844, a rally to $2,245—the average on-chain acquisition price for ETH holders—could occur.