Ethereum Testing Key Support! Rally To $5k?
In our previous Ethereum analysis Ethereum Forming New Key Support! Can The Bulls Hold On To This Level? we talked about the $4,469 key support in the 15 minutes timeframe and how this level could be a major decider for the Ethereum trend in the coming days.
For Ethereum to remain bullish, the price of the Altcoin must respect and continue to trade above this $4,469 key level in the 15 minutes timeframe. However, the Ethereum price has failed to do so and is currently testing this key level.
Can the bulls hold on to this key support or should we expect to see a price crash in the coming days?
To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Deposit Bonus Campaign is now live! First-time depositors can get up to a $3,500 Bonus when you sign-up and fund your Bybit account with our Bybit link.
Ethereum Bullish Prediction!
The Ethereum price is still trading above the $4,469 key support in the 15 minutes timeframe. And while we might have seen the Altcoin price deep below it for a while we saw massive price reversal occur immediately from that region.
This Ethereum price bounce paints a clear picture of strong support and buying power around that $4,469 price level. And as far as the price continues to trade above it, we can expect to see the Ethereum bullish rally continue to play out in the coming days.
Ethereum Bullish Target!
Our Ethereum bullish target is the $5k price region. We believe there is a very high probability for the Ethereum price to rally towards this level in the coming days.
This $5k price target also serves as the standard bullish target for the 15 minutes flag pattern the Ethereum price broke out of.
Final Verdict!
The Ethereum bull run is still in full swing! There is a very high probability for us to see the ETH price continue to rally to the $5k price region in the coming days.
But for this bullish prediction to remain valid, the Ethereum price must respect and continue to trade above the $4,469 key support in the 15 minutes timeframe.
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