Table of Contents
The Ethereum bullish rally has been playing out exactly as we predicted in our previous analysis Ethereum Finally Breaking Out! Rally Far From Over.
We still believe the bullish still has a long way to go, and in this Ethereum analysis we will be breaking down the possible price sceanrios we can expect in the coming days as well as the key levels we are currently watching in the 4-hour timeframe.
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Ethereum Rally Far From Over!
The key pattern we are currently watching is the Triangle pattern in the 4-hour timeframe. It was the ETH price break out of this pattern that gave us the oportunity to jump into a bullish move in Ethereum.
This Triangle Pattern also has a standard target, and the Ethereum price is still trading far below it. This means in the coming days, we expect to see the Altcoin value rise up towards this $1,678 bullish traget.
This is still about a +14% potential movement to the upside in the coming days.
Final Verdict!
We are still bullish on Ethereum and believe the Altcoin has not gotten to its bulish target yet. That target for us is the $1,678 price level.
This $1,678 bullish target was derived from the massive triangle pattern the ETH bulls broke out of in the 4-hour timeframe.
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