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Ethereum Technical Analysis 30 September, 2021

• Ethereum reversed from support zone
• Likely to rise to resistance level 3175

Ethereum cryptocurrency today once again reversed up from the support zone located between the powerful support level 2810.00 (which has been repeatedly reversing the price from the middle of September), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the middle of July. The upward reversal from this support zone continues the active intermediate impulse wave (3).

With the sentiment improving strongly across he global cryptocurrency markets, Ethereum cryptocurrency can be expected to rise further toward the next resistance level 3175 (which reversed the price twice in the last trading week).

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