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The Ethereum price has been surging higher against the U.S dollars for a while now even as inflation continues to rise. And recently the Ethereum price just printed a bullish converging triangle pattern!
You can watch us explain this bullish pattern on Ethereum in our Youtube video. We also talked about a bearish analysis for Bitcoin and how to take advantage of the coming patterns.
Ethereum Bullish Converging Triangle
Ethereum is curently breaking out of the bullish converging triangle formed on the 4-hour timeframe. This confirms our bullish bias on the cryptocurrency and also increases the probability that we might see the Ethereum price surge to the $2,800 price region in the coming days.
This price region is the standard take profit region for this pattern. However, we still have a few resistance up ahead we need to break through to get to this $2,800 target.
To take advantage of this Ethereum price prediction, sign up to Bybit. The exchange is one of the best-leveraged crypto trading platforms you can trade Ethereum on. You also get up to $200 in bonus when you sign-up and deposit using our Bybit link.
Key Levels To Watch
There are a few key levels to watch in the coming days. One of the main ones being the current Ethereum ATH at $2,035. This ATH might serve as a strong resistance pushing the price back down in the coming days.
However, if Ethereum manages to break through, we can expect to see volatility increase even has the cryptocurrency enters into uncharted price territory. This volatility might be just what we need to push the Ethereum price higher.
You can take advantage of these trade setups using leverage on Bybit. The platform is fantastic for both beginners and experienced traders.
You can sign up using this link to get up to $200 in bonus after your first deposit.
To Gain More Information On How To Partake
To gain more information on how to partake in Bitcoin trading with leverage, you can read our How To Trade Bitcoin Guide. You can also check out our top list of Best Bitcoin Exchanges To Trade With.
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