Ethereum cryptocurrency can be expected to fall to the next round support level 2000.00 (former support from the end of March and the target for the completion of the active impulse wave iii).
- Ethereum broke support zone
- Likely to fall to support level 2000.00
Ethereum cryptocurrency has been under the strong bearish pressure recently after the earlier breakout of the support zone between the support level 2200.00 (which has been reversing the price from the start of April, as can be seen from the dilly Ethereum chart below), support trendline from February and the 50% Fibonacci correction of the upward impulse from the end for March. The breakout of this support zone accelerated the active impulse waves iii and 3 – which belongs to the intermediate impulse wave (3) from last December.
Given the clear daily downtrend and the bearish sentiment can be seen across the crypto markets today, Ethereum cryptocurrency can be expected to fall to the next round support level 2000.00 (former support from the end of March and the target for the completion of the active impulse wave iii).
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