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.
To trade ETH with leverage, sign-up to Phemex right now! You can also get up to $2,500 in bonus when you sign-up and fund your Phemex account with our Phemex link.
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.
For More trading Ideas
For more trading ideas and the best strategies we use for our crypto trading, check out our Youtube video where we break down how we make over $100 per day!
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
100x Leverage
100x Leverage
100x Leverage
