Ethereum Technical Analysis Report 19 January, 2021

• Ethereum broke all-time-high 1382.00
• Likely to rise to 1500.00

Ethereum cryptocurrency continues to rise after breaking above the all-time-high resistance level 1382.00 (which stopped the sharp uptrend at the start of 2018 as can be seen from the weekly Ethereum chart below). The breakout of the resistance level 1382.00 should further accelerate the active impulse waves (3) and 5 – both of which belong to the weekly upward impulse sequence Ⓒ from the end of 2018.

Given the overriding uptrend that can be seen on the daily and the weekly Ethereum charts – Ethereum cryptocurrency is expected to rise further toward the next round resistance level 1500.00 (target price for the completion of the active impulse sequence Ⓒ).

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