Ethereum Technical Analysis Report 2 April, 2021

• Ethereum broke round resistance level 2000.00
• Likely to reach resistance level 2200.00

Ethereum cryptocurrency continues to rise after the earlier breakout of the key round resistance level 2000.00 (which stopped the previous impulse wave (3) in the middle of February). The breakout of this resistance level 2000.00 accelerated the active short-term impulse wave 3 from the end of March – which belongs to the sharp upward impulse wave (5) from the end of February.

Given the predominant uptrend and the strong nearby support now standing at the support level 2000.00 – Ethereum cryptocurrency is likely to rise further toward the next resistance level 2200.00 (target price for the completion of the active impulse wave 3).

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