Ethereum Breaking Out! Price Rally To $5k?

11:34 pm, Fri, 29 October 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 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.

Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe
Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe

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.

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Deposit Bonus Campaign is now live! First-time depositors can get up to a $3,500 Bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $30,030 in Bonus

100x Leverage

Can The Bulls Stay Above $4,400

Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe
Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe

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.

Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe
Ethereum Breaking Out! Price Rally To $5k? Watch this key support in the 4-hour timeframe

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?

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: