Viewpoint: Ethereum is testing a key resistance level; if it breaks through, a bullish move to $2,245 can be expected
According to ChainCatcher, citing crypto analyst alicharts, Ethereum is currently testing resistance at the $1,796 0.8 MVRV pricing band. If the daily closing price is above this level and successfully holds as a support, it will strengthen the bullish case and may open the way for a move towards Ethereum's realized price of $2,245.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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