Ethereum Technical Analysis Report 2 July, 2021

• Ethereum reversed from resistance zone
• Likely to fall to support level 1800.00

Ethereum cryptcurrency recently revered down from the resistance zone lying between the pivotal resistance level 2290.00 (former support level which has been reversing the price from the end of May), 20-day moving average and the 50% Fibonacci correction of the downward price wave B from the start of June. The downward reversal from this resistance zone stopped the previous short-term impulse wave (i) from last month.

Ethereum cryptcurrency can be expected to fall further toward the next support level 1800.00 (low of the previous wave B – which reversed the price 4 times in the middle of June).

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