Cryptocurrency trader Ali Martinez stated via X that Ethereum (ETH) could rise to $2245 if it breaks through the resistance level of $1796. He explained, "The $1796 level acts as a resistance according to the Market Value to Realized Value (MVRV) indicator, and it also coincides with the baseline of the TD Sequential, a trend reversal indicator. Above that, $1816 is a resistance level. If these two price levels are broken upwards, further gains could occur, and if the channel's upper bound of $1844 is surpassed, a rise to $2245, which is the average cost basis for on-chain ETH holders, could be seen."
