Ethereum (ETHUSD) Price to Continue Its Bullish Rally

Ethereum (ETHUSD) Price Forecast: February 19

ETHUSD price will most likely continue its bullish rally, and the price could still go higher. This pattern signals that a new uptrend could start after a break above the neckline, nearing the $3,429.15 range, and this may push the coin price to the $3,500 upper high level, resulting in a good buy for the coin traders.

Key Levels:
Resistance Levels: $2,600, $2,700, $2,800
Support Levels: $2,150, $2,100, $2,050

ETH (USD) Long-term Trend: Bullish (4H Chart)

 

ETHUSD is rising and may continue its bullish rally as the bulls remain the key players in higher time frames. The price par is above the supply trend level, indicating a bullish trend. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions, making it possible for the price to maintain an uptrend in its recent high.

The Ethereum price may continue its bullish rally as it rises to a $2,769.61 high point above the moving averages as the daily chart opens today, indicating a more bullish impact in the market. Hence, a strong push above the $3,429.15 supply level will offer strong resistance to the crypto price.

Further, the ETHUSD price might continue its bullish rally, as shown by the price indicator pointing in an upward direction. If the token price could break above the $3,429.15 prior barrier, the target might be the $3,500 upper resistance level in the coming days in its long-term outlook.

ETH (USD) Short-term Trend: Bullish (1H Chart)

On the short-term outlook, the ETHUSD pair is also rising and may continue its bullish rally as it remains strongly bullish.

Firstly, the cryptocurrency has broken above the moving averages, suggesting a possible increase. The pair is rising towards the upper channel above $2,755.20.

Ethereum is trading in a “Rising Channel” making higher highs and higher lows, showing bullishness, as the bulls tend to influence the price tendency.

The bulls continue with the bullish rally and increase the ETHUSD market price to a $2,769.61 high level as the 1-hourly chart opens today, making it possible for the coin to remain positive and good for a BUY position.

The coin has recently experienced a price surge and might swing and break its previous high of $2,796.89 level if further bearish pressure is restricted.

In addition, the daily stochastic indicates an upward trend, implying that the buy investors may likely continue with the bull run, and the target might be the $2,500 resistance level soon in its short-term outlook.

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