Ethereum hits $2,160; analyst sets $2,356 as next resistance level

Ali Martinez flags a bullish shift in Ethereum (ETH). ETH extends its rebound.

The analyst cites an ascending triangle on the weekly chart and a bounce to $1,800 on February 26 at triangle support, a setup that preceded upside in past cycles on X.

He adds on‑chain context. The MVRV ratio dipped below 0.8 during that test, a zone he ties to prior buy signals per NewsBTC.

Momentum gauges align. The SuperTrend flipped bullish for the first time since May 2025, suggesting accumulation may be ending and $1,800 remains key support if selling returns on X.

Martinez maps resistance bands that could cap rallies per NewsBTC:

• Near term: $2,356
• Mid term: $2,647 and $3,639
• Longer term: $4,632 before the $4,956 ATH, then $5,624

He tempers expectations. A full bull market is not confirmed, but he calls the confluence of the triangle support, MVRV reset, and SuperTrend flip the strongest bullish mix in months per NewsBTC.