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The crypto market closed the trading day very bullish today as the price of Ethereum led the rally we saw push the Altcoin market higher. This ETH bullish rally also plays out exactly as we predicted in our ETH analysis ETH First Bearish target Smashed! Is The Altcoin Ready To Rally?
If this rally continues to play out, we might see Ethereum shoot back up to the $3,998 price level in the coming days.
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ETH Just Broke Through These Resistance!
The Ethereum price is currently breaking through a confluence of key resistance levels in the 4-hour timeframe. This bullish break out opens up the way for us to see a price rally back up to the $3,998 horizontal level in the coming days.
ETH Key Level To Watch
The key support level we are watching right now is the ETH previous lows at the $3,113 price level. As far as this horizontal level continues to hold in the 4-hour timeframe, there is a very high probability that ETH will remain bullish.
Final Verdict!
The ETH price is still very bullish, and right now the altcoin is breaking through multiple resistance in the 4-hour timeframe. This breakout confirms our bullish bias and points to a more bullish rally to come in the coming days.
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