Table of Contents
In our previous Ethereum analysis Ethereum Building Momentum For A Massive Move Soon! Watch This Key Pattern, we talked about the Triangle Pattern currently forming in the 15 minutes timeframe and what it means for the ETH price in the coming days.
Well, that pattern is still playing out exactly as we predicted! And last night, we saw Ethereum continue to range within this key pattern as the price sold off back down to the base support of the Triangle.
This base support has served as a key ETH support on numerous occasions in the past. And right now, with Ethereum testing it, there is a very high probability that we might see a small bounce in prices soon!
In this Ethereum analysis, we will be breaking down the key levels we are currently watching as well as the possible price scenarios to keep an eye on in the coming days.
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 $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link
Ethereum Bullish Prediction!
The most important key support we are currently watching is the base support of that 15 minutes triangle pattern. If this key support holds, there is a very high probability for us to see buyers push the ETH price back up to the top of the Triangle Pattern in the coming days.
But for this bullish prediction to remain valid, the base support must continue to hold in the 15 minutes timeframe.
Is This The Massive Move We Talked About In Our Previous Analysis
No, this move is still price movement within the Triangle Pattern. The Massive move we are expecting for Ethereum will only occur once the Triangle Pattern is completed and Ethereum breaks out of it and starts to trend.
For Now, that is yet to happen so we take advantage of the small changes in the price within the Triangle Pattern.
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
