The etheric classics have been moving up since June 19. It picked up speed after making a higher low on July 13, then broke out of an uptrend parallel channel. In five days, the Ether Classic rose 107% to a high of $27.77 on July 19.
Since the fourth wave, the price of ether classics has been retracting. As the second wave retreats deeply, the fourth wave is expected to be shallow as the aether introduces the concept of alternation. Thus, the retracement could end at fibo retracement support of 0.382 or 0.5 at $22.20 or $20.50, respectively.
After that, the fifth and final wave could take the Ether classic to the $31.50 level resistance area.
Ethereum has been moving up since June 18 and broke out of the downside resistance line on July 18. If the rally continues, the nearest resistance will be at $1,925. This is the Fibonacci retracement resistance and horizontal resistance area of 0.382. The long-term wave number also indicates that a bottom has been reached, thus supporting continued upward movement.