The crypto bullish rally continued today as the price of Ethereum extended its gain finally breaking through a very key resistance level in the 4-hour timeframe.

This bullish break through the $4,400 key resistance pushes the altcoin price into new highs and opens up the way for the Ethereum price to rally higher towards the $5k price level in the coming days.

But for this bullish prediction to remain valid, the Ethereum price needs to respect and continue to trade above this $4,400 key price level in the 4-hour timeframe.

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Can The Bulls Stay Above $4,400

The most important key level for Ethereum right now is the $4,400 price region in the 4-hour timeframe. This region was the previous ATHs for Ethereum and the altcoin price breakthrough puts the ETH price firmly into uncharted territory.

If this level continues to hold, we can expect to see this current rally in the Ethereum price continue higher in the coming days.

The most important question Ethereum traders all over the world are asking right now is “can the Ethereum bulls hold the $4,400 key level or should we expect a price crash back below it?“

Final Verdict!

The Ethereum price is still trading around a tricky spot in the 4-hour timeframe. And how the price relates to this key level will have a major effect on the Ethereum trend for the coming days.

Can the bulls sustain this bull run and keep trading above the $4,400 previous highs or are we experiencing a fake breakout that might only see the Ethereum price crashing back below this 4-hour key level in the coming days?

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