Ethereum: ⬆️ Buy
– Ethereum reversed from pivotal support level 2400.00
– Likely to rise to resistance level 2600.00
Ethereum cryptocurrency recently reversed up from the support zone between the pivotal support level 2400.00 (which has been reversing the price from March, stopping waves 4 and a at the end of August and wave ii in the middle of September) and the 38.2% Fibonacci correction of the upward impulse from the middle of August.
The upward reversal from this support zone completed the ABC correction (2) from the middle of September.
Given the strength of the support level 2400.00 and the overriding daily uptrend, Ethereum cryptocurrency can be expected to rise further toward the next resistance level 2600.00 – former resistance from the end of August.