Categories: Technical analysis

Ethereum Wave Analysis – 11 July 2025

Ethereum: ⬆️ Buy

– Ethereum broke resistance zone

– Likely to rise to resistance level 3140.00

Ethereum cryptocurrency recently broke the resistance area lying at the intersection of the key resistance level 2885.00 (which has been reversing the price from February) and the resistance trendline of the daily up channel from June.

The breakout of this resistance zone accelerated the active impulse waves 3 and (3).

Given the predominantly bullish sentiment seen across the crypto markets, Ethereum cryptocurrency can be expected to rise to the next resistance level 3140.00 (former support from December and January).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Ethereum

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