Ethereum Is Trading At This Key Region! What Now?

5:01 pm, Fri, 12 August 22

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Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe
Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe

The Ethereum price is currently trading at this key region in the 4-hour timeframe. This region has very high significance as it has been respected by the Ethereum price over and over again through the years.

By trading back to this region, the Ethereum price is setting itself up for a massive move in the coming days. The question now is what direction should we expect the Ethereum price to break out.

In this Ethereum analysis we talking about the two possible scenarios we will be watching out for and the key levels we are currently watching.

Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe
Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe

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Ethereum Bearish Prediction!

Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe
Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe

For the Ethereum price to sell off, we want to see the $2,144 key resistance zone hold in the 4-hour timeframe. If this key level holds, there is a very high probability that we might see the Ethereum price sell back off massively from this region.

So in the coming days, we will be keeping a close eye on this $2,144 resistance zone to see how the Ethereum price will react.

Ethereum Bullish Prediction!

However, for the Ethereum bullish prediction, we want to see the ETH price break and close above the $2,144 key resistance level in the 4-hour timeframe.

A bullish price breakout like this is the perfect indicator we need to confirm the continuation of the bullish rally higher for Ethereum.

Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe
Ethereum Is Trading At This Key Region! What Now? Watch this price prediction in the 4-hour timeframe

Final Verdict!

The Ethereum price is currently trading at a key level in the 4-hour timeframe. This $2,144 key resistance is a major level that we need to keep a close eye on.

How Ethereum reacts to this level will affect the direction the Ethereum trend takes in the coming days.

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