Crypto Daily | Ethereum breaks through resistance level

ETHEthereum prices continue to rise within the intermediate impulse wave (3) that in fact broke the key resistance level located between resistance level 2800.00 and the 50% Fibonacci adjustment of the previous ABC correction (2). This resistance area resembles the former support from middle of last February, as seen on the daily Ethereum price chart below.

 

Seeing that widespread sentiment remains largely positive, desire for an oncoming improvement in the cryptocurrency market is expected to drive Ethereum prices even higher toward the next resistance level 32000.00 (peak of wave B from previous month).

ETHUSD - Primary Analysis - Mar-02 1421 PM (1 day)

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