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ETH price prediction from a previous analysis Urgent! ETH Building Up Momentum For Another Massive Move Soon!
In our previous Ethereum analysis Urgent! ETH Building Up Momentum For Another Massive Move Soon! we identified the bearish accumulation pattern currently building up in the 4-hour timeframe and also warned our readers of how this can be very bearish for the ETH price.
Well since publishing that TA, we have seen the Altcoin price continue to range as the Altcoin bearish momentum continues to develop.
In this Ethereum analysis, we will be breaking down what pattern is currently developing on the 4-hour timeframe and breaking down the key pattern that is currently developing right now!
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Start TradingETH Ranging Channel Continues!
ETH Ranging Market Continues! What Now? Watch this ranging market playing out in the 4-hour timeframe
The accumulation phase in Ethereum is currently forming what seems to be a new pattern in the 4-hour timeframe. This pattern is a new Bearish Flag Pattern forming in the 4-hour timeframe.
This is a bearish pattern that indicates that the ETH price might continue to push lower in the coming days. So for now, we are waiting for the Altcoin price to complete the accumulation phase and resume
Once completed, we expect to see the Altcoin price resume its move to the downside in the coming days.
This potential sell-off about to happen could potentially push the Altcoin price down more than -15% in the coming days.
Final Verdict!
The Ethereum price is still very bearish right now! However, the Altcoin is right now accumulating for a further move down in the coming days.
In the coming days, we will be watching this ranging phase as it enters its final stages, Once completed, we expect to see the Altcoin begin to sell off aggressively in the coming days.
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The post Ethereum Price Prediction Daily (14-June): ETH Ranging Market Continues! What Now? 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.