Warning: Ethereum Bullish Rally Stalls in Liquidity Area! What Now?

In previous Ethereum analysis Warning: What does this final diagonal pattern mean for Ethereum? We have made a bullish prediction for the ETH price. Its bullish forecast expects ETH price to rise. +10% in the next few days.

This bullish forecast is performing exactly as we predicted. But now, that ETH rise is stalling at his one-time key liquidity spot.

The question now is whether Ethereum can take this liquidity away and continue to rise in the next few days, or see the altcoins crash soon.

In this Ethereum analysis, we break down the key levels we’re looking at right now and the highest price projections we think might unfold next!

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ETH liquidity spot! Can the price break through?

The key level we are looking at is the $1,787 price level on the 1 hour timeframe. If the Ethereum bulls fail to break out of this critical resistance, the price will very likely fall in the coming days.

Therefore, all eyes will be on this $1,787 price level over the next few days to see how Ethereum reacts to it.

Can Ethereum Continue Rising in the Next Few Days?

For the Ethereum bull market to sustain, the Ethereum bull market needs to break out and close this critical $1,787 resistance level within an hour.

A bullish breakout like this is the perfect confirmation needed to show that the bulls are still dominating the market.

If the price of Ethereum fails to break through this key resistance level, it is very likely that the price of altcoins will start selling out of the region in the coming days.

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