Ethereum Price Prediction Daily (27-Oct): Ethereum Ending Diagonal Pattern Playing Out Exactly!

Ethereum Price Prediction Daily (27-Oct): Ethereum Ending Diagonal Pattern Playing Out Exactly!

Alt coin
October 28, 2022 by keithhill530
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[ad_1] Ethereum price prediction from a previous analysis Is This Ethereum Rally Over Extended? In our previous Ethereum analysis Is This Ethereum Rally Over Extended? we warned our readers of the key Ending Diagonal Pattern currently forming in the 15 minutes timeframe. This pattern is very important to the ETH bulls because it signifies a
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Ethereum Price Prediction Daily (26-Oct)
Ethereum price prediction from a previous analysis Is This Ethereum Rally Over Extended?

In our previous Ethereum analysis Is This Ethereum Rally Over Extended? we warned our readers of the key Ending Diagonal Pattern currently forming in the 15 minutes timeframe.

This pattern is very important to the ETH bulls because it signifies a possible change in the trend of the Altcoin at least for the short term.

Well, since publishing that TA, we have seen the Ethereum bullish rally slow down! However, the price is still yet to break through our $1,508 key support in the 15 minutes timeframe.

Until Ethereum can break through this $1,508 key support, this Ending Diagonal Pattern will not be ready to be traded.

Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe
Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe

In this Ethereum analysis, we will be breaking down exactly what Ethereum is doing right now and what we can expect soon!

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What Is Ethereum Doing Right Now?

Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe
Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe

Well right now, we are seeing the Ethereum price ranging in the 15 minutes timeframe. This price range is forming a mini Descending Channel Pattern that can better help us understand exactly what the price might do next.

What direct Ethereum takes in the coming days will totally depend on how the price breaks out of this mini Descending Channel pattern

Bearish Prediction!

Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe
Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe

For the bearish prediction, we want to see the Ethereum price break out of this mini-descending channel pattern to the downside in the coming days.

A breakdown like this would push the Altcoin price below the $1,508 key support, validating our Ending Diagonal Pattern and giving us more confirmation to expect a sell-off to the downside in the coming days.

Ethereum Bullish Prediction!

For Ethereum’s bullish prediction, we want to see the ETH price breakout of this mini Descending Channel pattern to the upside.

A bullish breakout like this could be a strong indication that the bullish rally in Ethereum might still be far from over.

Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe
Ethereum Ending Diagonal Pattern Playing Out Exactly! Watch these key patterns in the 15 minutes timeframe

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