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The Ethereum price is getting ready to make a massive move to the upside. soon! In this Ethereum analysis, we will be talking about why we have this bullish bias on ETH and the key levels we are currently watching in the 15 minutes timeframe
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Is This A Bullish Break and Retest?
The Ethereum price has been bearish for the past few months now. This bearish trend created a slope the ETH price respected over and over again in the past, confirming its validity.
However, Ethereum just broke through that slope and is currently retesting it as support in the 15 minutes timeframe. If this level holds, there is a very high probability that we might see a massive rally play out in the Ethereum price chart in the coming days.
This move higher could see the ETH price regaining its previous highs of $1,649 in no time and surging past that.
So in the coming days, we will be keeping a close eye on this level to see how Ethereum will react.
Final Verdict!
We might be witnessing the beginning of a massive trend change for Ethereum in the 15 minutes timeframe. If the ETH price bounces from the current key level it is testing, we could see a price surge of more than +11% in the coming days.
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