Must Read: Ethereum To $4k! Watch This Flag Pattern

10:56 pm, Tue, 12 October 21

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Ethereum To $40k! Watch This Flag Pattern
Ethereum To $4k! Watch This Flag Pattern forming in the 1-hour timeframe! What Next?

The Ethereum sideways market and lack of direction continued to play out through today. However, that ranging market might be coming to an end soon!

Right now, the Ethereum price is currently trading within a flag pattern in the 1-hour timeframe. This pattern offers us key levels to watch as well as potential targets for a bullish breakout in the coming days.

Ethereum To $40k! Watch This Flag Pattern
Ethereum To $4k! Watch This Flag Pattern forming in the 1-hour timeframe. Ethereum bullish prediction

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Ethereum Bullish Flag pattern!

The flag pattern is a bullish indicator that points to a higher likelihood of us seeing a price breakout soon. This bullish pattern is currently playing out in the Ethereum 1-hour timeframe, and the key levels we are watching are the key channels created by this pattern

As far as Ethereum continues to trade within these two channels we can expect to see the ETH price continue to range sideways.

However, a bullish breakout to the upside could see the bullish trend resuming and the Ethereum price surging to the $4k price level soon!

Ethereum Bullish Prediction!

Ethereum To $40k! Watch This Flag Pattern forming in the 1-hour timeframe. Ethereum bullish prediction
Ethereum To $4k! Watch This Flag Pattern forming in the 1-hour timeframe. Ethereum bullish prediction

For the Ethereum bullish prediction, we want to see a clear price break and close above the flag pattern resistance channel to confirm the start of the ETH bullish rally.

A break like this would be the key confirmation we need to confirm the end of the ranging market and the resumption of the Ethereum bullish trend.

Final Verdict!

Ethereum is building up momentum and getting ready to break out, but the only way to confirm the start of that bullish breakout is once the ETH price closes above the resistance channel of the flag pattern currently playing out in the 1-hour timeframe.

A break like this would confirm our bullish bias and point to more bullish rallies to come. But until this breakout occurs, Ethereum remains in a ranging market and might just continue trading sideways.

Ethereum To $4k! Watch This Flag Pattern forming in the 1-hour timeframe.

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