Ethereum Wave Analysis

Ethereum: ⬆️ Buy

  • Ethereum broke the resistance area
  • Likely to rise to resistance level 2885.00

Ethereum cryptocurrency recently broke the resistance area located between the resistance level 2645.00 (which stopped wave 1 at the start of July) and the resistance trendline of the weekly Triangle from January.

The breakout of this resistance area accelerated the active short-term impulse wave 3 of the intermediate impulse wave (3) from June.

Given the strongly bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next resistance level 2885.00 (top of wave (1) from June).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading