Ethereum cryptocurrency can be expected to rise to the next round resistance level 2000.00 (target for the completion of the active impulse wave C).
- Ethereum broke resistance area
- Likely to rise to resistance level 2000.00
Ethereum cryptocurrency recently broke the resistance area located between the strong resistance level 1835.00 (which stopped the previous short-term correction a in the middle of June, as can be seen from the daily Ethereum chart below) and the 38.2% Fibonacci correction of the downward impulse from the start of May. The breakout of this resistance area accelerated the active minor impulse wave C of the intermediate ABC corrective wave 2 from the start of June.
Given the strength of the active impulse wave C and the bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next round resistance level 2000.00 (target for the completion of the active impulse wave C).