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<ul class="news-points"> 
 <li><strong>On Saturday, the total assets held in liquid staking protocols for ETH reached a new all-time high.</strong></li> 
 <li><strong>An inverse head and shoulders pattern could see ETH climb to $2,372 in the near future.</strong></li> 
 <li><strong>ETH saw its price drop by 0.36%, which left the altcoin trading at $1,870.42.</strong></li> 
</ul> 
<p>Investors have shown strong support for <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> staking in recent months. Despite a significant drop in ETH’s value (-61% from its peak), on-chain insights from Token Terminal Intern on Twitter revealed that the total assets held in liquid staking protocols reached an all-time high on Saturday.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Just a reminder<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Total assets staked through liquid staking protocols are hitting ATH, despite <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> being -61% from the top. <a href="https://t.co/Gy7tuHd9hJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Gy7tuHd9hJ</a></p>— Token Terminal Intern (@tt_intern) <a href="https://twitter.com/tt_intern/status/1682724695425314817?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>This increasing interest in staking demonstrates investors’ confidence in ETH’s future potential, as they are willing to hold onto their tokens (HODL) with the hopes of a potential rally. The hopes of these HODLers could be confirmed by the inverse head-and-shoulders pattern forming on the altcoin’s daily chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="1793" height="762" src="https://coinedition.com/wp-content/uploads/2023/07/ETH-1.png" alt="" class="wp-image-322994" srcset="https://coinedition.com/wp-content/uploads/2023/07/ETH-1.png 1793w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-300x127.png 300w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-313x133.png 313w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-380x161.png 380w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-768x326.png 768w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-1536x653.png 1536w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-696x296.png 696w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-127x54.png 127w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-159x68.png 159w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-255x108.png 255w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-795x338.png 795w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-440x187.png 440w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-414x176.png 414w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-326x139.png 326w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-377x160.png 377w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-328x139.png 328w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-144x61.png 144w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-123x52.png 123w, https://coinedition.com/wp-content/uploads/2023/07/ETH-1-129x55.png 129w" sizes="(max-width: 1793px) 100vw, 1793px"> 
  <figcaption class="wp-element-caption"> <em>Daily chart for ETH/USD (Source: <a href="https://www.tradingview.com/x/9xa9xSJo/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em> 
  </figcaption> 
 </figure> 
</div> 
<p>Should this pattern be validated, …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bullish-chart-pattern-suggests-eths-price-could-reach-2372/">Bullish Chart Pattern Suggests ETH’s Price Could Reach $2,372</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bullish Chart Pattern Suggests ETH’s Price Could Reach $2,372

Coin Edition

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