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The Ethereum price as been rallying higher exactly as we predicted in our previous analysis Ethereum Testing ATHs! Can Price Breakthrough? Watch This Level.
And right now, we have a key support level we can watch for price to respect in the coming days. If Ethereum continues to trade above this $4,680 previous resistance now turned support in the 15 minutes timeframe, there is a very high probability that we might just see the ETH bull run continue for the rest of the week.
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Ethereum 15 minutes Key Level
The Ethereum bulls are in full control of the market, pushing prices higher everyday. But for this bullish rally to continue, the Ethereum price needs to respect and continue trading above the $4,680 key support region in the 15 minutes timeframe.
This key region as served as resistance for Ethereum before and is currently serving as a key support right now in the 15 minutes timefrrame. If this level holds, there is a very high probability for us to see this bullish rally extend into the coming days.
This makes the $4,680 key support the most critical support for the Ethereum bulls to defend at all cost if we want to see this ETH bullish rally continue higher.
Ethereum To $5k!
The next bullish target we are aiming for is the $5k price region! There is a very high probability for us to see the Ethereum price rally towards this price target in the coming days!
But for this rally to remain valid, Ethereum must respect that 15 minutes key level.
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