Ethereum Price Eyes Breakthrough at $1,800 as Bullish Surge Continues

Ethereum (ETH) is currently trading at $1,766 after showing a decline of 0.13% in a day.

The strong bullish surge in trading volume has increased by 56.03%, standing at $17.32 billion according to CoinMarketCap.

Crypto analyst Martinez highlighted that Ethereum is testing the 0.8 MVRV Pricing Band at $1,796, which he considers a key resistance level and the bullish trigger zone at $1,800.

If Ethereum breaks and closes above $1,796 per day, it may improve the bullish case, followed by a movement towards Ethereum’s Realized Price at $2,245 if that price is held.