Decision Time for Ethereum. Will the ETH Price Continue to Breakout? Get Ready!
In our previous Ethereum analysis, we talked about the Ending Diagonal Pattern that was forming on the ETH Daily timeframe and warned our readers that the presence of this key pattern could indicate the start of a much more aggressive push to the upside in the coming days.
Well, that bullish prediction is playing out exactly. Right now, we are seeing a bullish breakout of this Ending Diagonal Pattern and in this ETH analysis, we will be updating you on what we expect to happen next and the most important levels to keep a close eye on in the coming days.
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ETH $3,283 Last Key Resistance
The most important price level for the Ethereum bulls is the $3,283 key resistance. This level is the last line of defense still holding the Ethereum bull run back.
If the ETH bulls can breakthrough this $3,283 key resistance, this would be the start of a much larger push to the upside in the coming days.
So for now, we are watching this level very closely to see if the ETH bulls can push past it or if the Ethereum bears will step back up to stop any move higher.
Final Verdict!
It is decision time for the Ethereum bulls. And the key level we are currently watching is the ETH $3,283 key resistance level.
If the ETH bulls want to retain control of this market and resume the Ethereum bull run, we need to see this $3,283 key level give way. A failure to breakthrough and close above this $3,283 key resistance would only indicating more weakness for the ETH price in the coming days.
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