Table of Contents
The Ethereum price is currently trading at this key region in the 4-hour timeframe. This region has very high significance as it has been respected by the Ethereum price over and over again through the years.
By trading back to this region, the Ethereum price is setting itself up for a massive move in the coming days. The question now is what direction should we expect the Ethereum price to break out.
In this Ethereum analysis we talking about the two possible scenarios we will be watching out for and the key levels we are currently watching.
To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link
Ethereum Bearish Prediction!
For the Ethereum price to sell off, we want to see the $2,144 key resistance zone hold in the 4-hour timeframe. If this key level holds, there is a very high probability that we might see the Ethereum price sell back off massively from this region.
So in the coming days, we will be keeping a close eye on this $2,144 resistance zone to see how the Ethereum price will react.
Ethereum Bullish Prediction!
However, for the Ethereum bullish prediction, we want to see the ETH price break and close above the $2,144 key resistance level in the 4-hour timeframe.
A bullish price breakout like this is the perfect indicator we need to confirm the continuation of the bullish rally higher for Ethereum.
Final Verdict!
The Ethereum price is currently trading at a key level in the 4-hour timeframe. This $2,144 key resistance is a major level that we need to keep a close eye on.
How Ethereum reacts to this level will affect the direction the Ethereum trend takes in the coming days.
Easy Steps From Beginner To Pro Crypto Trader
You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.
PrimeXBT Covesting: Trade Hassel Free
Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link PrimeXBT Covesting
