ETH Trading At Critical Level! Can The Bulls Breakout?

9:37 pm, Thu, 23 September 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 Ethererum price reversal is still in full swing, with the ETH price closing the trading day bullish. This bullish rally also spilled over into the Altcoin markets, with most Altcoins closing the trading day very bullish today.

However, right now we are seeing the ETH price test a critical resistance in the 4-hour timeframe. This level is a very key level for the Ethereum bulls and needs to be broken for this bullish rally we are currently in to continue.

ETH Trading At Critical Level! Can The Bulls Breakout?
ETH Trading At Critical Level in the 4-hour timeframe. Can the bulls breakthrough it?

To trade ETH with leverage, sign-up to Bybit right now! You can also get up to $600 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

Key Levels To Watch!

ETH Trading At Critical Level in the 4-hour timeframe. Can the bulls breakthrough it?
ETH Trading At Critical Level in the 4-hour timeframe. What next?

The base of this ascending channel pattern in the 4-hour timeframe is the key level to watch. This price level has the ability to decide the fate of the Ethereum price for the coming days.

Right now, we are seeing the Ethereum price ranging around this key region, but the Ethereum price would need to make a decision very soon. Should we expect a break-out or price rejection?

Ethereum Bullish Prediction!

ETH Trading At Critical Level in the 4-hour timeframe. Can the bulls breakthrough it?
ETH Trading At Critical Level in the 4-hour timeframe. ETH bullish prediction

For the ETH bullish bias, we need to see the Ethereum price break and close above that key level in the 4-hour timeframe. A bullish break like this could see the Ethereum price rallying back up to the $3,500 price region in the coming days.

But for that bullish prediction to play out, the Ethereum price needs to break through that key level we are seeing play out in the 4-hour timeframe.

ETH Bearish Prediction!

Watch this key level playing out right now in the ETH 4-hour price chart

If this key level we are seeing in the Ethereum 4-hour timeframe refuses to give way, there is a very high probability that we might see more bearish pressure come back into the Ethereum price.

This bearish pressure could Ethereum lower in the coming days, ending this current bullish reversal we have been seeing play out.

ETH Trading At Critical Level in the 4-hour timeframe. Can the bulls breakthrough it?
ETH Trading At Critical Level in the 4-hour timeframe. ETH bearish price prediction

Final Verdict!

Ethereum is currently trading at a very critical level, and how the price reacts to this level would determine what direction the price would be taking in the coming days.

Claim up to $30,030 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 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

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

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

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

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

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

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

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