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The Ethereum price is building up right now to explode to the upside in the coming days. The key pattern that supports this bullish bias in ETH is the Flag Pattern currently forming in the 15 minutes timeframe.
The image above is what a completed flag pattern typically looks like! And in the coming days, we expect to see the Ethereum price play out this bullish scenario and complete this bullish flag pattern.
In this Ethereum analysis, we will be going in-depth about this flag pattern and breaking down the key levels we are currently watching.
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Ethereum Flag Pattern!
The Ethereum flag pattern is still forming at the time of writing this article. This 15 minutes pattern indicates a likely breakout to the upside for ETH soon!
This pattern has a standard way of trading it, as well as the best bullish targets we should be aiming for in the coming days. And that bullish target for Ethereum is the $1,844 price level.
There is a very high probability that if this Flag pattern completes, there is a very high probability that we might see a massive surge to this $1,844 high in the coming days.
Bullish Confirmation For This Flag Pattern
For this bullish flag pattern to be confirmed, we need to see the ETH price clearly breakthrough and close above the resistance channel of the pattern in the 15 minutes timeframe
The image below is an example of what that would look like for the ETH price.
A bullish breakout like this is very important as it confirms that the bulls are pushing prices higher and are still in full control of this market.
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