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Ethereum price prediction from a previous analysis More Bearish Signal For Ethereum! Watch This Ending Diagonal Pattern
In our previous Ethereum analysis More Bearish Signal For Ethereum! Watch This Ending Diagonal Pattern we identified a key bearish reversal pattern and also warned our readers of a possible price dump back to $1,170 very soon.
Well, that bearish prediction played out exactly with the bears stepping into the Ethereum market and pushing the Altcoin price lower to this key level.
In this Ethereum analysis, we will be talking about what we believe might happen next as well as this Head and Shoulders pattern that might be forming right now!
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Start TradingWhat Next For Ethereum?
ETH Bearish Target Smashed! What Next? Watch this price prediction in the 1-hour timeframe
The Ethereum price is currently trading at a minor support level in the 1-hour timeframe. And for this move lower to continue, we need to see the Altcoin break and close below this $1,153 support.
A bearish breakdown like this below this $1,153 support could easily see us pushing down toward the $1,070 previous lows in no time.
We are also seeing the potential for a Head and Shoulders Pattern to form around this key level. We will be keeping a close eye to see what the Ethereum price does in the coming days.
ETH Bearish Target Smashed! What Next? Watch this price prediction in the 1-hour timeframe
Final Verdict!
We are still bearish on the Ethereum price and believe the ETH sell-off might not be over just yet.
The key level we are currently watching is the $1,153 key support in the 1-hour timeframe. Can the bears push the Altcoin price below this level in the coming days?
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The post Ethereum Price Prediction Daily (28-Nov): ETH Bearish Target Smashed! What Next? appeared first on Bitcoinsensus.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.