Ethereum $3,998 Resistance Holding Strong! What Next?

10:45 pm, Mon, 6 September 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum price analysis from a previous article Ethereum To ATHs Soon! Watch This Resistance

In our previous Ethereum analysis Ethereum To ATHs Soon! Watch This Resistance, we talked about the $3,998 horizontal resistance in the 15 minutes timeframe.

This horizontal price level has kept on holding strong, pushing the Ethereum price into a range market between the $3,998 horizontal resistance and the $3,841 bullish support region in the 15 minutes timeframe.

Ethereum $3,998 Resistance Holding Strong! What Next?
Ethereum $3,998 Resistance Holding Strong! What Next? Watch these key levels playing out right now in the 15 minutes timeframe

However, Ethereum is still very bullish and in this ETH analysis, we will be talking about the key levels we are watching as well as our bullish bias for Ethereum in the coming days.

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 $600 in Bonus

100x Leverage

The Ethereum Ranging Market

Ethereum $3,998 Resistance Holding Strong! What Next?
Ethereum $3,998 Resistance Holding Strong! Watch these key levels holding strong in the 15 minutes timeframe

The Ethereum price is trading in a range between two key levels in the 15 minutes timeframe. And as far as the price continues to trade between this $3,998 horizontal resistance and the $3,841 bullish support, we can expect to see Ethereum continue to range.

However, a price break above this $3,998 horizontal resistance would indicate the end of the ranging market and the resumption of the bullish trend in Ethereum.

Ethereum $3,998 Resistance Holding Strong! What Next?
Ethereum $3,998 Resistance Holding Strong! What Next? Ethereum bullish price prediction

This makes the $3,998 resistance one of the most important resistance we are currently watching in the Ethereum price chart.

Final Verdict!

Ethereum is still very bullish and will remain bullish as far as the Ethereum price continues to trade above the $3,841 support. However, for the bullish trend to continue, the price needs to break through the $3,998 horizontal resistance in the 15 minutes timeframe.

Until this bullish break-out occurs, we can expect to see the Ethereum price continue to range and trade sideways in the coming days.

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 50% 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 $600 in Bonus

100x Leverage

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

Rating: 89%

Claim up to $112 in Bonus

100x Leverage

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

Rating: 91%

Get 50% Deposit Bonus

100x Leverage

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