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The Ethereums bulls are fighting back after the price sell-off we saw play out yesterday Must Read: Ethereum Just Broke Below This Level! Is The Rally Over?. This sell-off pushed the Ethereum price below the $4,680 key level and into bearish territory in the 15 minutes timeframe.
However, Ethereum has fully recovered from this sell-off and is currently trading back above this 15 minutes key level. The $4,680 level is very important for the bulls as it serves as a region of strong support for the coming rally in the ETH price.
If the price can hold this $4,680 level in the 15 minutes timeframe, there is a very high probability that we might see Ethereum surge higher in the coming days.
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Ethereum Key Level!
The most important level for the Ethereum bulls right now is the $4,680 key support in the 15 minutes timeframe. This level has served as a strong resistance before and is currently playing the role of key support to Ethereum.
This support role is very important because for Ethereum bullish rally to continue, we need to see the Altcoin price respect and trade above this key support.
Any price break back down below this 15 minutes key support will only indicate a growing weakness in the Ethereum and a likely end or delay in the Ethereum bullish rally.
Ethereum Bullish Target!
Our first bullish target is the Ethereum ATHs. However, there is a very high probability that we might see the ETH price get to and breakthrough this price region in the coming days.
However, this bullish prediction can only play out if Ethereum continues to trade above the $4,680 key support. A break below this 15 minutes support only invalidates this bullish prediction, making it very important for the Ethereum bulls to defend and hold onto the $4,680 price level at all costs.
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