Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold?

5:37 pm, Tue, 24 May 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum Might Have A 17% Surge Soon! Watch This Key Pattern playing out right now in the 1-hour timeframe
Ethereum price prediction from a previous analysis Urgent: Ethereum Might Have A 17% Surge Soon! Watch This Key Pattern

Yesterday we saw an ETH price breakout from a converging triangle pattern in the 1-hour timeframe. This kind of breakout was very bullish in nature and pointed to a very high likelihood of a further move higher in the coming days Urgent: Ethereum Might Have A 17% Surge Soon! Watch This Key Pattern

However, as of today the bullish push we saw backing this breakout has totally faded making a lot of crypto traders worry this ETH breakout might have been a Fakeout instead.

What does this mean for the Ethereum price?

Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold?
Ethereum Bulls Struggling To Hold Prices Up! Was this a fakeout? Watch this price prediction in the 1-hour timeframe

Well right now, we don’t know for sure what the ETH price wants to do next as there are a lot of indecisions playing out right now on the price chart.

However, what we do know are the important key levels that might affect the Ethereum trends in the coming days. And in this Ethereum analysis, we will be breaking down these price levels and the key events we are watching out for in the coming days.

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 $4,100 Bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $4450 in Bonus

100x Leverage

Key Support For Ethereum!

Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold?
Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold? Watch this price prediction in the 1-hour timeframe

The most important key level to watch out for in the Ethereum price chart right now is the $1,800 key support in the 1-hour timeframe.

This support has served as a major area for a price bounce in Ethereum in the past and might act as key support again in the coming days. The question traders are asking now is can we expect to start seeing more bullish pressure come back into the market soon?

As far as the $1,800 horizontal support holds, the ETH bulls still have a fighting chance to take back control of the price and push the Altcoin higher.

Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold?
Ethereum Bulls Struggling To Hold Prices Up! Can This Key Support Hold? Watch this price prediction in the 1-hour timeframe

What Happens If Price Breaks Through This $1,800 Support Level?

If the Ethereum price breaks through this $1,800 key level in the 1-hour timeframe, there is a very high probability that we might see more movement to the downside in the coming days.

This makes the $1,800 key level the most important support for the ETH bulls right now. Can they hold onto this price level or will it fail?

Claim up to $4450 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 $4450 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: