Categories: Technical analysis

Ethereum Wave Analysis – 5 February 2025

– Ethereum reversed from the key support level 2200.

– Likely to rise to resistance level 2890.00

Ethereum cryptocurrency recently reversed sharply from the key support level 2200.00, which has been reversing the price since the start of August, as can be seen below.

The upward reversal from the support level 2200.00 created the daily Japanese candlestick reversal pattern Hammer.

Ethereum cryptocurrency can be expected to rise to the next resistance level, 2890.00 (the former monthly low from 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.

Share
Published by
The FxPro Tech Analysis Team
Tags: Ethereum

Recent Posts

Pro News Flash: Bitcoin Is Stuck While Billion Dollar Buyers Step In

🛟 Bitcoin is having a hard time staying afloat, even as major players step in…

3 hours ago

Natural Gas. Current situation #trandingshorts #tradelikeapro #trading #tradingstrategy #naturalgas

We're gonna talk about the gas market, where prices are falling rapidly. Let's take a…

5 hours ago

The dollar remains focused on the labour market

The US dollar weakened significantly in 2025, and its fate depends on central banks. The…

5 hours ago

Major coins dragged the market down

Major cryptocurrencies fell amid declining market sentiment, low liquidity, and institutional rebalancing, with Bitcoin dropping…

7 hours ago

Dogecoin Wave Analysis – 15 December 2025

Dogecoin: ⬇️ Sell - Dogecoin broke long-term support level 0.1365 - Likely to fall to…

20 hours ago

Alcoa Wave Analysis – 15 December 2025

Alcoa: ⬇️ Sell - Alcoa reversed from strong resistance level 47.00 - Likely to fall to…

20 hours ago

This website uses cookies