HelenP. I Ethereum can reach resistance level and try break it
Hi folks today I'm prepared for you Ethereum analytics. Some time ago price tried to rise to resistance 2, but failed and rebounded down to resistance 1, which coincided with the resistance zone. After this ETH a few time traded near this level and then entered to wedge, where it rebounded from the support line and made a strong impulse up to the trend line, thereby breaking the 1685 resistance level. But soon, the price rolled down from the trend line and fell below this level. After this, Ethereum continued to decline to resistance 1, and some time ago broke this level and fell to the support line of the wedge. Ethereum at once rebounded from this line to the trend line, broke it, thereby exiting from the wedge and now price trades very close to the resistance zone. I expect that price can continue to rise to resistance 1, and try to break it. After a breakout, Ethereum can make a retest and then rebound up, therefore I set up my target at the 1625 level. If you like my analytics you may support me with your like/comment ❤️
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