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The Ethereum price is currently forming a continuation pattern in the 15 minutes timeframe. This converging triangle pattern is very bullish and points to more rally in the Ethereum price in the coming days.
This exact type of converging pattern formed recently and just finished playing out also in the 15 minutes timeframe, increasing the quality and probability of this new converging pattern to also rally higher in the coming days.
In this Ethereum analysis, we will be talking about the key levels we are watching as well as our bullish prediction for Ethereum in the coming days.
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The $3,841 Key Support!
The key level we are watching is the $3,841 horizontal key support in the 15 minutes timeframe. This horizontal support is very important for the Ethereum bulls to hold.
A price break below this key horizontal level could mean the end of this recent rally in the Ethereum price.
However, if this horizontal level holds, there is a very high probability that we might finally see that bullish push to the ATHs or even above in the coming days.
But for this bullish prediction to remain valid, the Ethereum price must respect and continue to trade above the $3,841 horizontal support in the 15 minutes timeframe.
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