ETH Technical Analysis Report 9 December, 2025
ETH cryptocurrency can be expected to rise further to the next resistance level 3600.00 (top of wave iv from November).
- ETH broke resistance area
- Likely to rise to resistance level 3600.00
recently broke the resistance area located between the key resistance level 3200.00 (former strong support from the begin of November, as can be viewn from the daily ETH chart below) and the 38.2% Fibonacci correction of the earlier sharp downward impulse wave C from October. The breakout of this resistance area accelerated the active impulse wave 3 of the medium-term impulse wave (3) from last month. Both of these impulse waves belong to the long-term upward impulse wave 1 from the end of 2024.
Given the strength of the active impulse wave 3 and the bullish sentiment viewn across the cryptocurrency markets today, ETH cryptocurrency can be expected to rise further to the next resistance level 3600.00 (top of wave iv from November)
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