Ethereum Getting Ready To Sell-Off! Watch These Key Levels

4:19 pm, Sat, 13 August 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum Getting Ready To Sell-Off! Watch These Key Levels in the 1-hour timeframe
Ethereum Getting Ready To Sell-Off! Watch These Key Levels in the 1-hour timeframe

The Ethereum price is currently testing a key resistance channel in the 1-hour timeframe. This price level has served as key resistance for the Ethereum price chart. And we have seen the 1-hour timeframe respect this level over and over again in the past.

This key channel also makes up the other half of the Ending Diagonal Pattern the Ethereum price is currently forming in the 1-hour timeframe. And this Ending Diagonal Pattern also points to a potential sell-off for Ethereum also.

You can read all about this Ending Diagonal Pattern and the bearish price scenarios we can expect in the coming days in our previous analysis Warning: This Pattern Indicates A Potential Sell-Off For Ethereum Soon!

This Pattern Indicates A Potential Sell-Off For Ethereum Soon! Watch This price prediction in the 1-hour timeframe
Ethereum price prediction from a previous analysis Warning: This Pattern Indicates A Potential Sell-Off For Ethereum Soon!

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link

Claim up to $4450 in Bonus

100x Leverage

Ethereum Getting Ready To Sell-Off

Ethereum Getting Ready To Sell-Off! Watch These Key Levels in the 1-hour timeframe
Ethereum Getting Ready To Sell-Off! Watch These Key Levels in the 1-hour timeframe

The key level we are watching right now is the key resistance channel the ETH price is currently testing in the 1-hour timeframe.

If this resistance level holds, there is a very high probability that we might see the Ethereum price sell back down in the coming days.

So in the coming days, we will be keeping a close eye on this 1-hour resistance level to see how Ethereum will react to it.

Final Verdict!

We believe the Ethereum bullish rally is running out of steam. And in the coming days, we expect to see the rally come to an end and for the bears to take control.

Right now, Ethereum is testing a key resistance in the 1-hour timeframe. If this resistance holds, there is a very high probability the ETH sell-off will start very soon!

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: