Categories: Technical analysis

Ethereum Wave Analysis – 9 July 2025

Ethereum: ⬆️ Buy

– Ethereum broke the resistance area

– Likely to rise to resistance level 2885.00

Ethereum cryptocurrency recently broke the resistance area located between the resistance level 2645.00 (which stopped wave 1 at the start of July) and the resistance trendline of the weekly Triangle from January.

The breakout of this resistance area accelerated the active short-term impulse wave 3 of the intermediate impulse wave (3) from June.

Given the strongly bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next resistance level 2885.00 (top of wave (1) from June).

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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