ETH Bullish Prediction Playing Out! Watch These Bullish Targets

9:32 pm, Wed, 25 August 21

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
End of day trading result for the top 36 cryptocurrencies by market capitalization

The crypto market ended the trading day flat today as the price of both Bitcoin and Ethereum continued to build momentum for the coming bullish rally.

However, right now Ethereum is testing a key support region, and bouncing back up exactly as we predicted in Must Read: Ethereum Testing Key Level. Price Rally Soon!

Ethereum is currently bouncing off the $3,127 horizontal key level. This is very bullish for ETH as there is a very high probability for us to see a bullish rally back up in the coming days.

Ethereum bullish prediction from a previous analysis Must Read: Ethereum Testing Key Level. Price Rally Soon!

To trade ETH with leverage, sign-up to Bybit right now! You can also get up to $1,610 in deposit bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $30,030 in Bonus

100x Leverage

Bullish Targets For Ethereum!

There are two potential bullish targets for Ethereum and in this Altcoin analysis we will be breaking them down as well as the key levels to watch for in the 15 minutes timeframe

Ascending Channel Resistance!

ETH Bullish Prediction Playing Out! Watch These Bullish Targets
ETH Bullish Prediction Playing Out! Watch These Bullish Targets playing out in the 15 minutes timeframe

The first key level we are watching for is the channel resistance for the ascending channel pattern in the 15 minutes timeframe. This level has served as a strong resistance for the Ethereum price on numerous occasions and might do so again.

The Ethereum bulls need to break through this channel resistance for the bullish rally in Ethereum to continue.

ETH To ATHs!

ETH Bullish Prediction Playing Out! Watch These Bullish Targets
ETH Bullish Prediction Playing Out! Price surge to ATHs?

A price break above this ascending channel resistance we talked about above also opens up the way for the Ethereum price to surge back to the ATHs.

This coming rally might happen at any time, but for this bullish prediction to remain valid Ethereum needs to break through the ascending channel resistance.

Final Verdict!

Ethereum is still building momentum getting ready to break out at any time now. But for that bullish rally to occur, the Ethereum price needs to break and close above the ascending channel currently playing out in the 15 minutes timeframe.

As far Ethereum continues to trade within this ascending channel we might just see the ranging market in the Ethereum market continue.

ETH Bullish Prediction Playing Out! Watch These Bullish Targets
ETH Bullish Prediction Playing Out! Key levels to watch out for in the 15 minutes timeframe

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting