Categories: Technical analysis

Ethereum Wave Analysis – 31 October 2025

Ethereum: ⬆️ Buy

– Ethereum reversed from support level 3800.00

– Likely to rise to resistance level 4200.00

Ethereum cryptocurrency recently reversed from the key support level 3800.00 (which has been reversing the price from the start of October) intersecting with the support trendline of the daily down channel from August and the support trendline from June.

The upward reversal from the support level 3800.00 stopped the previous short term correction ii – which is a part of the impulse waves 3 and (3).

Given the clear daily uptrend, Ethereum cryptocurrency can be expected to rise toward the next resistance level 4200.00, which stopped the previous waves 1 and i.

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: Ethereum

Recent Posts

Pro News Weekly: Dollar Leads as Stocks Wobble

Welcome to Pro News Weekly! Here’s what is driving the markets this week: 💵 The…

20 hours ago

Strong macro data and rate spreads are the USD’s main weapon

Strong US macro data and wide rate spreads boost the dollar, pressuring EURUSD and gold;…

1 day ago

Top 10 Forex Trading Strategies

We have outlined the 10 best forex trading strategies with clear logic, real-world context, and…

1 day ago

Bitcoin has not crossed the correction line

Bitcoin holds near $95.5K as the market steadies but hasn't confirmed a exit from correction…

1 day ago

CHFJPY Wave Analysis – 15 January 2026

CHFJPY: ⬇️ Sell - CHFJPY reversed from resistance zone - Likely to fall to support level…

2 days ago

WTI Crude Oil Wave Analysis – 15 January 2026

WTI Crude Oil: ⬇️ Sell - WTI Crude Oil rising inside minor impulse wave (1) -…

2 days ago

This website uses cookies