Ethereum: ⬆️ Buy
- Ethereum reversed from support level 3800.00
- Likely to rise to resistance level 4200.00
Ethereum cryptocurrency recently reversed from the key support level 3800.00 (which has been reversing the price from the start of October) intersecting with the support trendline of the daily down channel from August and the support trendline from June.
The upward reversal from the support level 3800.00 stopped the previous short term correction ii – which is a part of the impulse waves 3 and (3).
Given the clear daily uptrend, Ethereum cryptocurrency can be expected to rise toward the next resistance level 4200.00, which stopped the previous waves 1 and i.
 intersecting with the support trendline of the daily down channel from August and the support trendline from June.){kind=link}