Ethereum Is Still Trading Within This Pattern! What Next?

10:37 pm, Mon, 11 October 21

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Ethereum Is Still Trading Within This Pattern! What Next?
Ethereum Is Still Trading Within This ascending channel Pattern in the 4-hour timeframe! What Next?

The Ethereum price is currently trading within an ascending channel pattern in the 4-hour timeframe. This pattern has been playing out since last month and offers us high probability levels to watch for in the coming days.

As far as Ethereum continues to trade within this 4-hour key pattern, there is a very high probability that we might see the Ethereum price continue to range and trade sideways.

Ethereum Is Still Trading Within This Pattern! What Next?
Ethereum Is Still Trading Within This ascending channel Pattern in the 4-hour timeframe! Key levels to watch

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Key Levels To Watch For Ethereum!

Ethereum Is Still Trading Within This Pattern! What Next?
Ethereum ranging market! Watch these key levels in the 4-hour timeframe

We are watching two key levels for the Ethereum price now. These levels are the key support and resistance the Ethereum price has been bouncing in for a while.

Ethereum Bullish Prediction!

For the bullish prediction, we will remain long-term bullish bias on ETH as far as the Ethereum price continues to trade above the $3,204 horizontal support in the 4-hour timeframe.

This level has held the ETH price on numerous occasions and might continue to do so in the coming days.

Ethereum Is Still Trading Within This Pattern! What Next?
Ethereum Is Still Trading Within This ascending channel Pattern in the 4-hour timeframe! What Next?

As far as the price continues to trade above this key support, there is a very high probability that we might see the Ethereum price generally keep on heading higher.

Final Verdict!

Ethereum is still in the bullish territory and will remain so as far as the altcoin price continues to trade above the $3,204 horizontal support in the 4-hour timeframe.

A price break below this could see the Ethereum price dumping hard in the coming days.

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