ETH First Bearish target Smashed! Is The Altcoin Ready To Rally?

12:50 am, Tue, 14 September 21

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The crypto market closed the trading day very bearish today after the ETH price dump led to the sell-off we saw play out in the Altcoin market today. This Ethereum crash saw the Altcoin selling back down to the base of the ascending channel pattern currently forming in the 4-hour timeframe.

This bearish sell-off was correctly predicted in our previous article Must Read ETH Bearish Prediction! Watch these levels, with the ETH price selling off to our to the base of the ascending channel pattern in the 4-hour timeframe.

Ethereum bearish prediction from a previous analysis Must Read ETH Bearish Prediction! Watch these levels

In this Ethereum analysis, we will be talking about the key levels we are currently watching as well as our bullish bias for Ethereum in the coming days.

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ETH Is Bouncing! Is It Time To Rally?

ETH First Bearish target Smashed! Is The Altcoin Ready To Rally?
ETH First Bearish target Smashed! Is The Altcoin Ready To Rally? Watch this 4-hour bullish prediction

The ETH price is bouncing at the base of the ascending channel pattern in the 4-hour timeframe. This bounce is very bullish and points to a likely bullish rally coming for the Ethereum price.

However, for this bullish rally to occur, the Ethereum price needs to break through the ascending channel resistance.

ETH First Bearish target Smashed! Is The Altcoin Ready To Rally?
ETH First Bearish target Smashed! Is The Altcoin Ready To Rally? Watch this bullish prediction in the 4-hour timeframe

However, if this level holds strong, there is a very high probability that we might see more sideways trading or even more sell-off in the coming days.

Final Verdict!

Ethereum is still trading within the ascending channel pattern in the 4-hour timeframe.

This pattern offers us key levels to watch for in the coming days and as far as the price continues to trade within this pattern, there is a very high probability that we might continue to see the Ethereum range.

ETH First Bearish target Smashed! Is The Altcoin Ready To Rally?
ETH First Bearish target Smashed! Is The Altcoin Ready To Rally? Watch this ascending channel pattern in the 4-hour timeframe

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