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The Ethereum price might be getting ready to start a bullish move in the coming days. The key pattern that supports this bullish bias in Ethereum is the Ascending Channel Pattern currently playing out in the 15 minutes timeframe.
In this Ethereum analysis, we will be breaking down what this Ascending Channel Pattern means for the ETH bulls and what we can expect for the Altcoin in the coming days.
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Ethereum Ascending Channel Pattern!
This Ascending Channel Pattern currently playing out in the 15 minutes timeframe offers us key levels we can watch for the Altcoin price to find support and resistance around.
And if Ethereum continues to respect this pattern, there is a very high probability that the Altcoin price will continue to move higher over time. This move higher will create a new bullish rally for the Ethereum price.
But for this bullish bias to remain valid, we need to see the Altcoin price respect and continue to trade within this Ascending Channel Pattern.
Final Verdict!
The Ethereum price is looking like it might be starting a new bullish trend in the 15 minutes timeframe. The key pattern we are currently watching is the Ascending Channel Pattern, the ETH price is currently trading in on the 15 minutes timeframe.
If this pattern is respected, there is a very high probability that we might see a price bounce in the coming days.
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