Ethereum Flash Crash! What Happened and What Next?

6:53 pm, Fri, 26 November 21

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
?
Ethereum bearish prediction from a previous analysis Ethereum Bullish Breakout! Can The Price Stay Above This Key Level?

In our previous Ethereum analysis Ethereum Bullish Breakout! Can The Price Stay Above This Key Level? we warned our readers of a possible bearish price scenario if the ETH price cannot stay above the $4,400 key support on the 4-hour timeframe.

A break below this key support pushes the Ethereum price back into the $4,000 to $4,4000 market ranging zone on the 4-hour timeframe! As far as the Ethereum price continues to trade within this zone, we can expect to see the ALtcoin ranging sideways for the coming days!

Ethereum Flash Crash! What Happened and What Next? Watch this key zone on the 4-hour timeframe
Ethereum Flash Crash! What Happened and What Next? Watch this key zone on the 4-hour timeframe

In this Ethereum analysis, we will be talking about the bullish and bearish price scenarios that might play out 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 $30,030 in Bonus

100x Leverage

Will Ethereum Continue To Range?

Ethereum Flash Crash! What Happened and What Next? Watch this key zone on the 4-hour timeframe

The first price scenario we are looking at is an Ethereum ranging market. We believe there is a very high probability for the Ethereum market to continue trading sideways if the price remains within this key zone on the 4-hour timeframe.

There is a very high probability that this ranging market might play out in the coming days as trading volume drops into the weekend.

Ethereum Bullish Prediction!

Ethereum Flash Crash! What Happened and What Next? Watch this key zone on the 4-hour timeframe
Ethereum Flash Crash! What Happened and What Next? Watch this bullish prediction on the 4-hour timeframe

For the Ethereum bullish prediction, we want to see the Altcoin break through and close above the key zone on the 4-hour timeframe. A bullish rally like this would push the ETH price back above the $4,400 key level and back into bullish territory again.

However, if this $4,400 key resistance level holds, the next level we will be keeping a close eye on will be the base of the key zone. A break below this base support could mean more sell-off for Ethereum.

Ethereum Bearish Prediction!

Ethereum Flash Crash! What Happened and What Next? Watch this key support on the 4-hour timeframe

For the Ethereum bearish prediction, the key level we are keeping an eye on is the $4,000 key support. This key support has held the Altcoin prices up on numerous occasions and must keep doing so if we hope to see the Altcoin price rally back up soon!

A price break below this key support could see the Ethereum price selling off rapidly in the coming days. This makes it very important for the bulls to defend this $4,000 key level at all costs.

Ethereum Flash Crash! What Happened and What Next? Watch this key zone on the 4-hour timeframe
Ethereum Flash Crash! What Happened and What Next? Watch this bearish prediction on the 4-hour timeframe

Final Verdict!

The Ethereum price is ranging in a key zone on the 4-hour timeframe. As far as the price remains within this key zone, we can expect to see the ETH price continue to trade sideways with little to no volume in the coming days.

The key levels to watch are the $4,400 key resistance and the $4,000 key support. Until the price breaks through one of these levels, we can expect to see ETH price continue to do nothing.

Claim up to $30,030 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 $30,030 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: