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The Ethereum price is currently bouncing from major support in the 15 minutes timeframe. If this key level holds, we might see a bullish rally playout for Ethereum.
In this Ethereum analysis, we will be breaking down what these key levels are, and how high we believe the Ethereum price might rally in the coming days.
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Ethereum $1,511 Key Support Zone!
The Ethereum price is currently bouncing from the $1,511 key support zone in the 15 minutes timeframe. This bounce could push the ETH price back up to previous highs.
This is a potential 10% surge in the Ethereum price. So in the coming days, we will be keeping our eye on this bullish push for Ethereum to see if more buyers will come in or if the momentum will start to fade.
Ethereum Bullish Target
If the bulls continue to push prices higher, the next key level we might see major resistance is the $1,728 key zone.
This 15 minutes price level is our target for this bullish rally currently playing out in the Ethereum price chart. But for this bias to remain valid, we need to see more buyers begin to come into the market.
Final Verdict!
The Ethereum price looks bullish for the week. As the days go on, we hope to see this bullish momentum sustained.
Our bullish target for this move higher is the $1,728 key resistance zone in the 15 minutes timeframe.
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