Ethereum Is Still Trading Within This Pattern! What Next?
The Ethereum price is currently trading within an ascending channel pattern in the 4-hour timeframe. This pattern has been playing out since last month and offers us high probability levels to watch for in the coming days.
As far as Ethereum continues to trade within this 4-hour key pattern, there is a very high probability that we might see the Ethereum price continue to range and trade sideways.
To trade ETH with leverage, sign-up to Bybit right now! You can also get up to $600 in deposit bonus when you sign-up and fund your Bybit account with our Bybit link.
Key Levels To Watch For Ethereum!
We are watching two key levels for the Ethereum price now. These levels are the key support and resistance the Ethereum price has been bouncing in for a while.
Ethereum Bullish Prediction!
For the bullish prediction, we will remain long-term bullish bias on ETH as far as the Ethereum price continues to trade above the $3,204 horizontal support in the 4-hour timeframe.
This level has held the ETH price on numerous occasions and might continue to do so in the coming days.
As far as the price continues to trade above this key support, there is a very high probability that we might see the Ethereum price generally keep on heading higher.
Final Verdict!
Ethereum is still in the bullish territory and will remain so as far as the altcoin price continues to trade above the $3,204 horizontal support in the 4-hour timeframe.
A price break below this could see the Ethereum price dumping hard in the coming days.
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
The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
Tags
Cardano Price Prediction: Buy Now or Wait?
June 19, 2025
Previous ArticleDogecoin Price Prediction: Buying Opportunity Ahead?
July 4, 2025
Next ArticleBitcoinsensus Staff