Ethereum Bearish Prediction Playing Out! Watch This Bearish Target

10:36 pm, Sat, 16 October 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum Bulls Running Out Of Steam! Watch This Key Pattern
Ethereum bearish prediction from a previous analysis Ethereum Bulls Running Out Of Steam! Watch This Key Pattern.

The Ethereum price is finally breaking through the ascending channel pattern in the 15 minutes timeframe Ethereum Bulls Running Out Of Steam! Watch This Key Pattern. This bearish price movement confirms our bias and points to an ever-increasing potential for a coming sell-off in the coming days.

In this Ethereum analysis, we will be talking about what we believe might happen next as well as the key levels we are watching right now!

Ethereum Bearish Prediction Playing Out! Watch This Bearish Target
Ethereum bearish prediction playing out exactly in the 15 minutes timeframe

To trade ETH with leverage, sign-up to Bybit right now! And from now until the 18th of October, you can get up to $1,645 in bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $4100 in Bonus

100x Leverage

Ethereum Key levels To Watch!

Ethereum testing key resistance in the 15 minutes timeframe. What next?

The most important key resistance we are watching for the Ethereum price is the $4k key level! This price level has served as key resistance for the Ethereum price before and might continue to do so in the coming days.

As far as Ethereum continues to trade below this key resistance, there is a very high probability that we might see the ETH price continue to sell off in the coming days!

Ethereum Bearish Target

Ethereum Bearish Prediction Playing Out! Watch This Bearish Target
Ethereum Bearish Prediction Playing Out! Watch This Bearish Target in the 15 minutes timeframe

Our first bearish target is the $3,731 support level. This 15 minutes horizontal support is the first key level the Ethereum bears might encounter in the coming days.

A break of this key support level in the 15 minutes timeframe could see us trending even lower in the Ethereum price.

Claim up to $4100 in Bonus

100x Leverage

Final Verdict!

The Ethereum sell-off is still in play right now! However, that sell-off might be coming to an end soon! The key level we are watching is the $3,731 horizontal support.

If this 15 minutes support holds, there is a very high probability for us to see a price bounce and rally back up in the coming days.

Claim up to $4100 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 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 $4100 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%

Get 50% Deposit Bonus

100x Leverage

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