Ethereum Breaks Resistance, Could $3K Be Next?

Crypto analyst Ali Martinez predicts Ethereum could rally to $3,000 after breaking above its 0.8 MVRV Pricing Band near $1,800.

This level has historically acted as a turning point where ETH shifts from weakness into recovery phases.

Martinez pointed to on-chain transaction data showing more than 10 million ETH previously changed hands around the $3,000 area, making it a major resistance zone.

The analyst also noted that similar recoveries over the last six years have often led Ethereum toward or above its Realized Price, currently near $2,300.