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The Ethereum price is right now testing a major support zone in the 4-hour timeframe.
This $1,755 key support zone is very important to the ETH price and how the Altcoin reacts to it will affect the direction the trend ETH trend will take in the coming days.
We have seen how the ETH Bulls defended this $1,755 support zone over and over again in the past. And when the ETH price did break through this $1,755 support, we saw the Altcoin sell off aggressively!
What does this mean for the ETH price right now and what can we be expecting in the coming days? Find out all that and more in this TA.
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Is The ETH Price Bullish Or Bearish?
Right now, the overall picture for Ethereum in the 4-hour timeframe is Bullish. And we believe we will remain bullish as far as the Altcoin price continues to respect and trade above the $1,755 key support zone.
This key support is the most important level for the ETH price right now. And if the ETH bulls can continue to defend and keep the Altcoin price above this key level, there is a very high probability that we might see more bullish pressure push back into the market in the coming days.
A bullish push like this could easily see Ethereum testing previous highs at $2,146. This is a potential +15% surge in the value of Ethereum in the coming days.
Final Verdict!
We believe the Ethereum bullish rally is far from over. Right now, the Altcoin price is testing a major support zone in the 4-hour timeframe.
If the ETH bulls can defend this $1,755 key support zone, there is a very high probability that we might see a massive bullish surge play out for Ethereum in the coming days.
So in the coming days, we will be keeping a close eye on this key level to see how it performs.
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