Warning: Ethereum is Breaking Out Right Now! Is This The Start of the ETH Bull Run?
In our previous Ethereum analysis, we talked about the Ending Diagonal pattern forming on the Daily timeframe and warned our readers of the potential breakout that was setting up to happen.
Well, that bullish prediction is playing out exactly! And right now, the final key resistance that was still standing in the way of the ETH bulls have finally been broken.
In this Ethereum analysis, we will be updating you on the current price action as well as what we think might be setting up to happen in the coming days.
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Ethereum Massive Rally About to Begin. Get Ready!
The key pattern we are still tracking is the Ending Diagonal Pattern currently playing out on the Daily timeframe. The image above is a typical example of what a completed Ending Diagonal pattern looks like. And in the coming days, we expect to see a similar price action play out on the ETH price.
If this bullish prediction plays out exactly, there is a very high probability that we might see the ETH price rally back up to the $4k price region or even higher in the coming days.
So for now, we are very bullish on Ethereum and will continue to expect more buyers to step in to bush the Altcoin price up as the ETH bull run begins.
Final Verdict!
The Ethereum bulls are in full control of this market and right now, we might be witnessing the start of a much more aggressive price push to the upside in the coming days.
The key pattern we are watching is the Ending Diagonal Pattern currently playing out on the Daily timeframe. This key pattern is used by pro traders to spot when a massive bounce is setting up to happen. And for Ethereum, that bounce is happening right now!
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