Table of Contents
The Ethereum price is currently testing major resistance in the 15 minutes timeframe. This key resistance has held prices back in the past and might do so again in the coming days.
This Ethereum resistance also serves as one of the key parts of the Triangle Pattern Ethereum is currently trading in on the 15 minutes timeframe.
In this Ethereum analysis, we will be talking about why this key resistance is very important and what we can expect from the ETH price if the bulls fail to break through it.
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Can The Bulls Break Through?
If Ethereum fails to break through this key resistance in the coming days, there is a very high probability that we might see the Altcoin begin to sell off massively.
We have seen this type of bearish price action play out on Ethereum in the past and there is a very high probability that we see it happen again soon!
But for this bearish prediction to remain valid, the ETH price must continue to respect this key resistance and trade below it in the 15 minutes timeframe.
Final Verdict!
The Ethereum price is currently testing a key resistance in the 15 minutes timeframe. if this level holds, there is a very high probability that we might see the Altcoin sell-off in the coming days.
However, if Ethereum breaks through it, we might see a quick surge to the upside. You can check out this TA Ethereum Is Getting Ready To Explode. Get Ready! to find out exactly what that bullish surge might look like.
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