The Most Important Key Support For The Ethereum Bulls

6:19 pm, Wed, 30 March 22

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As the Ethereum bullish rally continues for the 4th day in a row, we will talking about the most important key support for the Ethereum bulls in the 4-hour timeframe.

It is important this key support continues to hold if we want to see our bullish target for the converging triangle pattern smashed in the coming days. Has The Ethereum Bull Run Started? Watch This Likely Bullish Target!

In this Ethereum anlysis we will be talking about why this $3,026 level is important and why the Ethereum bulls must continue to respect it if we want to see the bullish rally continue.

The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe
The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe

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Previous Resistance Now Turned Support!

The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe
The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe

The most imporrtant support for the Ethereum bulls right now is the $3,026 key zone on the 4-hour timeframe. This zone served as a major resistance against all Ethereum bullish rally for months before finally giving way.

A break back below this key region is sign of weakness and only spells doom for the Ethereum price rally. This makes it very important for the bulls to hold on to this key level at all cost.

What Can We Expect From The Ethereum Price Next?

Ethereum has been rallying for days, the price might be extended and in need of a small pull back before continuing higher

The Ethereum bullish rally has lasted for days now and extended quite a bit with little to no pull backs. There is a very high probability that Sooner or later we can expect to see a small pull back in price before the bullish rally continues.

This pull back is expected to take the Ethereum price back to that $3,026 support region before bouncing and rallying higher again.

During the pull back, it is important for the $3,026 support to hold and for buyers to step back in and push price higher. This would serve as the best indication of strength and a growing bullish bias for Ethereum.

The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe
The Most Important Key Support For The Ethereum Bulls. Watch this key level on the 4-hour timeframe

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