Ethereum Price Prediction Daily (16-Dec): ETH Bearish Prediction Playing Out Exactly! Watch These Levels

Ethereum Price Prediction Daily (16-Dec): ETH Bearish Prediction Playing Out Exactly! Watch These Levels

Alt coin
December 17, 2022 by secret
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Ethereum price prediction from a previous analysis Is The Ethereum Rally Over? Watch This Key Level For weeks now, we have been tracking the Ethereum Ascending Channel Pattern playing out in the 4-hour timeframe Is The Ethereum Rally Over? Watch This Key Level. This pattern is a bearish indication for Ethereum and today, we are
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Ethereum Price Prediction Daily (14-Dec)
Ethereum price prediction from a previous analysis Is The Ethereum Rally Over? Watch This Key Level

For weeks now, we have been tracking the Ethereum Ascending Channel Pattern playing out in the 4-hour timeframe Is The Ethereum Rally Over? Watch This Key Level. This pattern is a bearish indication for Ethereum and today, we are finally seeing that bearish momentum push the Altcoin price lower.

In this Ethereum analysis, we will be breaking down the bearish targets we are currently watching as well as key levels the ETH bears must defend if they want to hold on to this market.

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ETH Selling Off As Predicted!

ETH Bearish Prediction Playing Out Exactly! Watch These Levels in the 4-hour timeframe
ETH Bearish Prediction Playing Out Exactly! Watch These Levels in the 4-hour timeframe

The Ethereum push lower has started and it is as aggressive as we warned! The first key level we are currently watching for this price to push down to is the $1,070 key support in the 4-hour timeframe.

This is the standard target for the Ascending Channel pattern and has a very high probability of getting smashed in the coming days!

In simple terms: This Ethereum sell-off is far from over yet!

If this $1,070 key support fails to stop the Ethereum price sell-off, we might even see Ethereum push much lower!

Key Levels Ethereum Bears Must Defend!

ETH Bearish Prediction Playing Out Exactly! Watch These Levels in the 4-hour timeframe
ETH Bearish Prediction Playing Out Exactly! Watch These Levels in the 4-hour timeframe

This bearish prediction in Ethereum can only remain valid if and only if the Altcoin price continues to trade below the previous highs of $1,348.

As far as this 4-hour high is respected, we can expect to see the ETH bears continue to control this market.

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