Ethereum cryptocurrency can be expected to rise further toward the next resistance level 2800.00 (which stopped earlier wave (1)).
- Ethereum broke resistance zone
- Likely to rise to resistance level 2800.00
Ethereum cryptocurrency recently broke through the resistance zone set between the key resistance level 2600.00 (which has been reversing the price from the middle of June, as can be seen from the daily Ethereum chart below) and the 61.8% Fibonacci correction of the downward ABC correction (2) from the start of June. The breakout of this resistance accelerated the active short-term impulse wave 3 , which belongs to the intermediate impulse wave (3) from last month.
Given the strength of the active impulse wave 3 and the predominantly bullish sentiment that can be seen across the cryptocurrency markets today, Ethereum cryptocurrency can be expected to rise further toward the next resistance level 2800.00 (which stopped earlier wave (1)).
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