Ethereum Price Prediction Daily (11-Dec): Possibility Of A One Last Push Up?

6:47 pm, Sun, 11 December 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
?
Ethereum Price Prediction Daily (10-Dec)
Ethereum price prediction from a previous analysis ETH Key Level Holding As Predicted! What Now?

All through last week, we saw the Ethereum price test and try to break through the $1,304 key resistance level in the 1-hour timeframe. But all these attempts failed, leading us to believe there is a very high probability for us to see a sell-off from this region in the coming days.

For the full breakdown of this bearish prediction, check out our previous Ethereum analysis ETH Key Level Holding As Predicted! What Now?

However, with the new developments in the Ethereum price chart, we now believe there is a very high probability for us to see one last move up in Ethereum before this much larger ETH sell-off starts.

In this Ethereum analysis, we will be breaking down the new Triangle Pattern currently forming in the 1-hour timeframe and the key levels we are currently watching.

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 $30,031 Bonus when you sign-up and fund your Bybit account with our Bybit link

Claim up to $30,030 in Bonus

100x Leverage

ETH New Triangle Pattern

Possibility Of A One Last Push Up for Ethereum? Watch this Triangle Pattern currently playing out in the 1-hour timeframe
Possibility Of A One Last Push Up for Ethereum? Watch this Triangle Pattern currently playing out in the 1-hour timeframe

After ranging and trading sideways almost all through the weekend, the Ethereum price is currently forming a Triangle Pattern in the 1-hour timeframe.

A breakout of this Triangle Pattern could either push the ETH prices higher or lower in the coming days. This makes this pattern very important and one we should keep an eye out for as we enter into a new Trading week.

Trading Triangle Patterns

Ethereum Is Getting Ready To Explode. Get Ready! Watch this key pattern currently playing out in the 15 minutes timeframe

Price can break out of the Triangle pattern either to the upside or downside.

For an upside breakout, we might see Ethereum make one last push to the upside before facing major resistance in the coming days. This push can easily push back up to the $1,304 resistance level or even a bit higher before it begins falling back lower in the coming days.

What that price action might look like for Ethereum is the image below.

Possibility Of A One Last Push Up for Ethereum? Watch this Triangle Pattern currently playing out in the 1-hour timeframe
Possibility Of A One Last Push Up for Ethereum? Watch this Triangle Pattern currently playing out in the 1-hour timeframe

Final Verdict!

We are still bearish on Ethereum and believe the Altcoin price might begin to push lower sooner or later.

However, right now we are seeing a triangle pattern form in the 1-hour timeframe. This pattern indicates there might be one last small pump-up for the Ethereum price before this Altcoin sell-off really starts.

So in the coming days, we will be keeping a close eye on this Pattern to see how it develops.

Claim up to $30,030 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 $30,030 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: