Is The Ethereum Rally Over? Watch This Bullish Prediction!

8:23 am, Sun, 7 August 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
What Does This Ending Diagonal Pattern Mean For Ethereum? Watch this price prediction in the 1-hour timeframe
Ethereum price prediction from a previous analysis Warning: What Does This Ending Diagonal Pattern Mean For Ethereum?

The Ethereum price is still trading within the Ending Diagonal Pattern currently forming in the 1-hour timeframe. We talked in-depth about this pattern and how it can affect price in a previous ETH analysis Warning: What Does This Ending Diagonal Pattern Mean For Ethereum?

This bullish prediction is still very valid. However, Ethereum is facing steep resistance ahead. And in the coming days, we will be keeping a close eye on this $1,787 resistance region to see how the price reacts to it.

Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe
Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe

In this Ethereum analysis, we will be breaking down the key levels we are currently watching as well as our bullish prediction for the Ethereum price 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

Claim up to $4450 in Bonus

100x Leverage

Is The Ethereum Rally Far From Over?

Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe
Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe

For our bullish bias on Ethereum to be invalidated, the ETH price will need to break through the $1,558 previous lows in the 1-hour timeframe. As far as the Ethereum price stays above this $1,558 previous lows, we will remain bullish on Ethereum.

This previous low region also serves as key support for the Ethereum bulls and in the coming days, we expect to see more buying pressure come into the market and push the Altcoin higher.

Final Verdict!

Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe
Is The Ethereum Rally Over? Watch This Bullish Prediction in the 1-hour timeframe

We are still very bullish on the Ethereum price chart. We believe there is a very high probability for us to see a price bounce in the coming days. If this bullish price bounce occurs, we can expect to see the Ethereum rally continue in the coming days.

This bullish prediction will remain valid as far as the ETH price continues to trade above the previous lows of $1,558.

Claim up to $4450 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 $4450 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: