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The Ethereum price has rallied higher exactly as we predicted in previous analysis Must Read: Ethereum Just Broke Through This Key Level! What Next?
This ETH rally is a strong indicator of the bullish momentum currently building up in the Ethereum 15 minutes timeframe. But for this momentum to be allowed to explode, the Ethereum price needs to break through the $4,680 ATHs.
This $4,680 price level is the last resistance for Ethereum and a failure to break through it could see us crashing back down in the coming days before the move upwards finally begins.
In this Ethereum analysis, we will be talking about the likely bearish and bullish outlook for Ethereum in the coming days.
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Ethereum Bullish Prediction!
For the Ethereum bullish prediction, we want to see the Ethereum price breakthrough and close above this key resistance in the coming days. A price break like this above the $4,680 key level in the 15 minutes timeframe will open the way for Ethereum to surge to $5k or even higher!
This makes the $4,680 key resistance the last level Ethereum needs to break for the Altseason to really kick-off.
Ethereum Bearish Prediction!
For the Ethereum bearish prediction, we want to see the $4,680 key resistance hold strong! If the price fails to break through this 15 minutes key level, there is a very high probability that we might see a small sell-off in Ethereum soon!
However, we do not believe this sell-off will last long and we can expect to see the bulls fight it all the way down before regaining control again.
Final Verdict!
The Ethereum price is getting ready to make a massive move to the upside, but for this move to begin, Ethereum needs to break through the $4,680 key ATHs currently serving as a price resistance.
Until this 15 minutes level is broken, we might just continue to see Ethereum trade sideways or retrace a bit in the coming days. But no matter what the price decides to do, we are still very bullish on Ethereum and believe that this ETH bull rally might be starting at any time.
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