Ethereum cryptocurrency be expected to rise further toward the next resistance level 2600.00 (forecast price for the completion of the active impulse wave c).
– Ethereum broke through the resistance area
– Likely to rise to resistance level 2600.00
Ethereum cryptocurrency recently broke through the resistance area located between the key resistance level 2440.00 (former support from the end of August, acting as the resistance after it was broken at the start of September, as you can see from the daily Ethereum chart below) and the 50% Fibonacci correction of the upward impulse from the start of August. The breakout of this resistance area should accelerate the c-wave of the active ABC correction 2 from the start of September.
Given the strength of the bullish sentiment that can be seen across the cryptocurrency markets today, Ethereum cryptocurrency be expected to rise further toward the next resistance level 2600.00 (forecast price for the completion of the active impulse wave c).
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