Ethereum Technical Analysis Report 13 April, 2021

• Ethereum broke resistance level 2150.00
• Likely to rise to resistance level 2400.00

Ethereum cryptocurrency continues to rise strongly after the earlier breakout of the key resistance level 2150.00 (top of the previous impulse wave 3 from the start of April). The breakout of the resistance level 2150.00 was preceded by the breakout of the resistance trendline of the daily up channel from the end of February– which belongs to the intermediate upward impulse sequence (5) from the same month.

Given the prevailing daily uptrend – Ethereum cryptocurrency can be expected to rise further in the active impulse wave 5 toward the next resistance level 2400.00. Strong support now stands at the support level 2150.00.

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