Ethereum Wave Analysis – 28 March 2025

Ethereum: ⬇️ Sell

– Ethereum reversed from the resistance level 2120.00

– Likely to fall to support level 1800.00

Ethereum cryptocurrency recently reversed down from the resistance level 2120.00 (former multi-month support from August and February) standing near the 38.2% Fibonacci correction of the downward impulse from February.

The downward reversal from the resistance level 2120.00 stopped the previous ABC correction ii.

Given the strong daily downtrend, Ethereum cryptocurrency can be expected to fall to the next support level 1800.00 (which stopped the previous impulse wave i).