• Ethereum broke round resistance level 4000.00
• Likely to test all-time-high resistance 4380.00
Ethereum cryptocurrency continues to rise inside the minor impulse wave (iii), which previously broke above the major long-term resistance level 4000.00 (which stopped the previous sharp upward impulse wave 1 at the start of September., as can be seen from the daily Ethereum chart below). The breakout of the resistance level 4000.00 accelerated the active impulse waves (iii) and 3.
Given the improvement in risk sentiment seen across the cryptocurrency markets today, Ethereum cryptocurrency can be expected to rise further toward the next all-time-high resistance 4380.00 (which reversed the price at the start of May).