Search
Close this search box.

Ethereum Ready To Rally! Watch This 8% Surge!

SHARE

SHARE

Table of Contents

Ethereum Ready To Rally! Watch This 8% Surge!
Ethereum Ready To Rally! Watch This 8% Surge! Ethereum still trading in an ascending channel pattern in the 4-hour timeframe

Ethereum is getting ready to rally more than 8% soon! This bullish move plays out exactly with what we have been seeing play out in the Ethereum price on numerous occasions in the past and might do so again soon.

The key support level we are watching is the $3,173 horizontal support in the 4-hour timeframe. Every time the Ethereum price has respected this horizontal region, we have seen the altcoin price rally higher.

Ethereum Ready To Rally! Watch This 8% Surge!
Ethereum Ready To Rally! Watch This 8% Surge! Bullish prediction in the 4-hour timeframe

And right now Ethereum has tested this key level and found support again! If this level continues to hold, we might see a bullish price surge play out exactly as it has done in the past.

This provides us with a high-quality short-term bullish rally we can take advantage of.

To trade Ethereum with leverage, sign-up to Bybit right now! You can also get up to $1,610 in deposit bonus when you sign-up and fund your Bybit account with our Bybit link.

[bybit]

Ethereum Bullish Price Target!

Ethereum still trading in an ascending channel pattern in the 4-hour timeframe. Watch these levels

Ethereum is still trading within an ascending channel pattern in the 4-hour timeframe. This pattern offers us key levels to watch for in the coming days.

For the Ethereum bullish target, the key level we are watching right now is the channel resistance of the ascending channel pattern. There is a very high probability for the Ethereum price to rally back towards this region soon!

Ethereum Ready To Rally! Watch This 8% Surge!
Ethereum Ready To Rally! Watch This 8% Surge! Ethereum bullish prediction in the 4-hour timeframe

Final Verdict!

Ethereum is still in a ranging market right now. However, this trading range offers us key levels to watch for Ethereum to bounce around. This potential 8% surge is only a short-term rally.

For the main bullish rally to start for Ethereum, the price first needs to finally break out from that ascending channel pattern in the 4-hour timeframe. As far as this pattern continues to hold, we can expect Ethereum to continue trading sideways for now!

Ethereum is still trading within an ascending channel pattern in the 40-hour timeframe

[bybit]

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

SHARE

Related Post

Comments are closed.

Buy / Sell Bitcoin

Rating: 89%

Claim up to $8,800 in Bonus

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platforms

bybit-logo

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

prime-xbt

Rating: 91%

Claim up to $7,000 in Bonus

100x Leverage

Follow Us