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The Ethereum bulls are back and fighting hard to take control of the Ethereum trend. Right now the price of the Altcoin has broken back above the $4,469 key resistance level in the 15 minutes timeframe.
This bullish rally pushes the Ethereum price back into the bullish territory and opens up the way for us to potentially see the ETH price continue to surge higher in the coming days.
But for this bullish prediction to remain valid, the Ethereum price must respect and continue to trade above this $4,469 key level in the coming days.
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Ethereum $4,469 Key Level!
This key level in the 15 minutes timeframe is very important to the current rally we are witnessing in the Ethereum price. As far as the price of the Altcoin continues to trade above this horizontal support, there is a very high probability for us to see a price surge higher in the coming days.
However, a break below it will end this bullish rally and likely see more bearish pressure come into the market. This makes it very important for the bulls to hold on to this support in the coming days.
Ethereum Bullish Target!
Our first bullish target is the Ethereum ATHs of $4,681. We expect the price to surge to this region in the coming days. However, a break above this bullish target could see the Ethereum price continue to rally higher towards the $5k price region in the coming days.
No matter where the ETH price decides to go next, we will remain very bullish on Ethereum as far as the Altcoin price continues to trade above the $4,469 key support level in the 15 minutes timeframe.
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