Ethereum Price Prediction Daily (13-Nov): Ethereum is Getting Ready To Explode!

Ethereum Price Prediction Daily (13-Nov): Ethereum is Getting Ready To Explode!

Alt coin
November 13, 2022 by keithhill530
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[ad_1] Ethereum price prediction from a previous analysis This Ethereum Key Pattern Is Still Playing Out! In our previous Ethereum analysis, This Ethereum Key Pattern Is Still Playing Out! we identified a bullish flag pattern that was playing out in the 15 minutes and also made a bullish forecast for the Ethereum price. However, we
converging-pattern-3.png

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Ethereum Price Prediction Today (12-Nov)
Ethereum price prediction from a previous analysis This Ethereum Key Pattern Is Still Playing Out!

In our previous Ethereum analysis, This Ethereum Key Pattern Is Still Playing Out! we identified a bullish flag pattern that was playing out in the 15 minutes and also made a bullish forecast for the Ethereum price.

However, we warned our readers that the Ethereum price would have to first breakthrough and close above the $1,294 minor resistance before that bullish forecast can be considered valid.

The Ethereum price never broke above this $1,294 resistance, instead, we saw the Altcoin sell-off aggressively. Well, that price sell-off has formed a new pattern for Ethereum, and in this analysis, we will be breaking down what this pattern is and what it means for the Altcoin price in the coming days.

Ethereum price failed to break through the $1,294 key resistance in the 15 minutes timeframe

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Ethereum is Getting Ready To Explode!

Ethereum is Getting Ready To Explode! Watch this key pattern playing out in the 15 minutes timeframe
Ethereum is Getting Ready To Explode! Watch this key pattern playing out in the 15 minutes timeframe

The Ethereum price is right now in the 15 minutes timeframe forming a Converging Pattern. This pattern indicates that sooner or later the ETH price will be setting up for a massive breakout either to the upside or downside.

For a bullish breakout, we want to see the Ethereum price break and close above the $1,274 minor resistance in the 15 minutes timeframe.

A bullish breakout like this is the confirmation we need to confirm that the ranging market has ended and the short-term bullish breakout has started in the ETH price chart.

Ethereum is Getting Ready To Explode! Watch this key pattern playing out in the 15 minutes timeframe
Ethereum is Getting Ready To Explode! Watch this key pattern playing out in the 15 minutes timeframe

The Key Level To Watch!

The $1,274 minor resistance is the key level to keep in mind. As far as Ethereum fails to break and close above this mini-resistance, we will stand aside and wait for that bullish confirmation in price.

So for now, we continue to watch this converging pattern develop in the 15 minutes timeframe.

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