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The Ethereum bullish rally played out exactly as we predicted in our previous ETH analysis Ethereum Bullish Prediction Playing Out Exactly. Watch these levels
However, the Ethereum price has rallied to a major resistance level in the 15 minutes timeframe. The question now is
Can the ETH bulls breakthrough the $1,728 resistance zone or should we expect to see a massive sell-off for Ethereum soon?
In this Ethereum analysis, we will be talking about the possible price scenarios we might currently be watching and the key levels that matter.
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Major Resistance Ahead For Ethereum
The Ethereum price is currently approaching a major resistance level in the 15 minutes timeframe. This $1,728 price region has served as key resistance for Ethereum in the past and might prove very difficult to break through.
So, in the coming days, we will be keeping a close eye on this level to see how Ethereum reacts to it.
If the Ethereum price fails to break through this $1,728 key level, there is a very high probability that we might see sellers come back into the market and push prices back down.
Final Verdict!
The Ethereum price is currently approaching a major resistance in the 15 minutes timeframe. How the ETH price reacts to this key level will have a major impact on determining the new trend for ETH.
i.e If the bulls break through this $1,728 key resistance, then there is a very high probability that we might see a further price rally. However, if this key level holds, this might mean a coming sell-off for the Altcoin price.
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