ETH Testing Key Support! Sell Now?

4:14 pm, Tue, 8 June 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
ETH Testing Key Support! Sell Now?
ETH Testing Key Support on the 4-hour timeframe! Sell Now?

Finally, momentum is picking up in the Ethereum price chart after the Altcoin spent weeks just trading sideways. Our bearish prediction in price is still playing out exactly!

You can read the full price prediction here: ETH Held This Key Resistance. Is The Bull Rally Over?

Ethereum price prediction from a previous analysis ETH Held This Key Resistance. Is The Bull Rally Over?

However, is this the right time to sell or could this still be a possible fakeout in the Ethereum price? Continue reading to find out the key levels to watch and the most important confirmation for our bearish bias on Ethereum.

Claim up to $1610 in Bonus

100x Leverage

Key Levels To Watch!

The most important key levels to watch in the coming hours/days are the $2,234 support region and the $29,76 resistance. These levels have served as strong support and key resistance on numerous occasions in the past and might do so again in the coming days.

  1. Bullish Price Prediction
ETH Testing Key Support! Sell Now?
ETH Testing Key Support! Will the $2,234 support hold? Bullish price prediction on the 4-hour timeframe

For the bullish price prediction, the Ethereum price must stay above the $2,234 support. If the bulls can hold this level, the Ethereum price might bounce back into the channel it has been ranging in and potentially continues to rally from there.

But for that bullish dream to still be possible for Ethereum in the short term, the $2,234 support level must hold!

ETH Testing Key Support! will the $2,234 support hold or can we expect Ethereum to sell-off in the coming days

Related Article: Bybit Tutorial. How To Trade Bitcoin On Bybit

  1. Bearish Price Prediction
ETH Testing Key Support! Sell Now?
ETH Testing Key Support! Bearish price prediction on the 4-hour timeframe

For the bearish price scenario on Ethereum, we need to see a price break below the $2,234 support to confirm our bearish bias. A break and close below this level is a strong indicator that points to more bearish pressure coming into the Altcoin market in the coming days.

As far as the price continues to trade above the $2,234 support, we are neutral on Ethereum and will continue to stand aside until the price finally decides where it wants to go for the short term.

To take advantage of this coming trade setup in Ethereum, signup to Bybit right now! You also get up to a $1,610 Bonus to trade with if you sign up and deposit with our Bybit link.

Claim up to $1610 in Bonus

100x Leverage

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 looking to accelerate their success. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

Earn Like A Professional

Are you looking to diversify your crypto portfolio and earn while you sleep? Invest with professional traders on PrimeXBT and copy all their trades. This method is called Covesting and is perfect for both new and experienced traders. You can sign-up using this link PrimeXBT Covesting.

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $1610 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $130 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Get 50% Deposit Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: