What Should We Expect From Ethereum Come 2022?

6:05 pm, Fri, 31 December 21

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Ethereum bullish rally all through 2021 what next for 2022?

While we might have had a lot of setbacks, 2021 was an amazing year for Ethereum! The ETH Altcoin saw its price surge from $394 earlier in January to over $4,900 at its ATHs!

This was a massive 897% surge value and that surge is still far from over! Ethereum still has the potential of rallying even higher as we step into 2022. And this bullish rally would be led by pure organic demand for the Altcoin and the Ethereum blockchain network.

In this ETH analysis, we will be pointing out the various key support we will be keeping an eye on as we begin the new year.

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What Should We Expect In The New Year!

What Should We Expect From Ethereum Come 2022?
What Should We Expect From Ethereum Come 2022? Watch this bullish prediction on the daily timeframe

The Ethereum price has been rallying in a repeatable pattern “Rally-Rest-Rally-Rest” all through the year. And right now we are ending 2021 in a Rest Phase” as the ETH price is retracing after making a bullish move higher.

If this pattern is to continue into the year 2022, then we expect to see the ETH price begin to rally back higher soon as we come out of the rest phase!

What Should We Expect From Ethereum Come 2022?
What Should We Expect From Ethereum Come 2022? Watch this daily timeframe analysis

So stepping into 2022, we are expecting to see the ETH bullish momentum begin to pick up as demand drives the price of the ETH Altcoin higher.

Ethereum Key Support!

What Should We Expect From Ethereum Come 2022?
What Should We Expect From Ethereum Come 2022? Key support to watch on the daily timeframe

The first key support that comes into play is the $3,587 horizontal support on the daily timeframe. We can see the ETH price has been struggling around this price region for the past few weeks now, indicating there might be a growing buying power around that region.

If this key level holds, we might see ETH rally from this support and resume its bullish move higher in the new year.

Ethereum Second Key Support!

For the Ethereum second key support, we are watching the $2,722 price level. This level has served as both support and resistance previously and might do so again if the Ethereum price were to get back down to this region.

What Should We Expect From Ethereum Come 2022?
What Should We Expect From Ethereum Come 2022? Key support to watch on the daily timeframe

If our first key support at $3,587 gets violated, we expect to see this support hold strong into the new year. A break below it could really spell doom for Ethereum.

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