Ethereum Bullish Break Out Playing Out! Rally Far From Over

5:58 am, Sat, 4 September 21

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Ethereum bullish prediction from a previous analysis Must Read: Ethereum Forming A Flag Pattern! More Bullish Pressure?

In our previous Ethereum analysis Must Read: Ethereum Forming A Flag Pattern! More Bullish Pressure?, we talked about the $3,700 horizontal region and how this was the key level the Ethereum bulls need to defend to continue the bullish rally!

Well, that bullish prediction is playing out exactly as we expected, with the Ethereum price finding support and rallying higher in the 15 minutes timeframe. However, this bullish rally is far from over!

Ethereum Bullish Break Out Playing Out! Rally Far From Over
Ethereum Bullish Break Out Playing Out in the 15 minutes timeframe! Rally Far From Over

And in this Ethereum analysis, we will be talking about the key levels we are watching right now, as well as the likely bullish rally setting up right now!

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Watch This key Level

Ethereum Bullish Break Out Playing Out! Rally Far From Over
Ethereum Bullish Break Out Playing Out! Watch this key level in the 15 minutes timeframe. Rally Far From Over

The recent Ethurum surge has pushed the Altcoin price into new key levels. One of these key levels is the $3,841 horizontal support in the 15 minutes timeframe.

We can see the Ethereum price clearly break and retest the key zone, and there is a very high probability that we might see this level continue to hold in the coming days.

Ethereum Bullish Break Out Playing Out! Rally Far From Over
Ethereum Bullish Break Out Playing Out! Rally Far From Over. Watch this bullish prediction playing out in the 15 minutes timeframe

If this $3,841 support continues to hold in the 15 minutes timeframe, we can expect to see the Ethereum rally continue in the coming days, pushing ETH back to ATHs!

Final Verdict!

Ethereum Testing Key Level. Price Rally Soon!

Ethereum is currently rallying after breaking out of a larger ascending channel pattern we have been tracking for the past few weeks in the 15 minutes timeframe.

Etherum bullish prediction playing out exactly as was predicted. What Next?

Along the way, the price has formed a few continuation patterns that we took advantage of to either add to or manage our bullish bias in Ethereum.

And right now, Ethereum is forming a new key level we expect the ETH bulls to hold. If this support holds, we can expect to see price continue to rally higher in the coming days.

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