Ethereum

Carl

Moon

Bull Flag

<ul class="news-points">
 <li>Ethereum forms a massive bull flag pattern, signaling a potential 20.35% price surge to $4,090.</li>
 <li>Nine Ethereum spot ETFs commence trading, recording a total volume of $1 billion on their first day.</li>
 <li>The Ethereum ETFs see a net inflow of $107 million on debut, led by BlackRock.</li>
</ul>
Ethereum (ETH), the original “altcoin” and platform for smart contracts, has seen muted price action in the past 24 hours despite the much-anticipated launch of its exchange-traded funds (ETFs).
While weekly performance has dipped into the red, ETH still holds a monthly gain of 4.66%, currently trading around $3,464. The market’s attention now turns to whether the newly approved ETFs can reignite bullish momentum and potentially push ETH back towards the $4,000 mark.
Amid Ethereum’s current trajectory, analyst Carl “The Moon” took to X (formerly Twitter) to point out that ETH is forming a massive bull flag based on the four-hour candlestick patterns. He noted that this formation could propel ETH’s value by 20.35%, potentially putting the altcoin market leader at $4,090.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> is forming this massive Bull Flag. Target $4,090 once we break out!! <a href="https://t.co/KhJLTFdZ3h" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KhJLTFdZ3h</a>— The Moon (@…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/ethereum-forms-bull-flag-pattern-analyst-predicts-20-price-surge-to-4090/" rel="noopener noreferrer nofollow">Ethereum Forms Bull Flag Pattern, Analyst Predicts 20% Price Surge to $4,090</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Forms Bull Flag Pattern, Analyst Predicts 20% Price Surge to $4,090

Coin Edition

Други статии, публикувани на 24.07.2024 г.

Banana NFT Just Landed on Telegram: Play the Game, Mint NFTs, Earn 10,000 TON

Evaluating the Potential: MoonBag's 0% Tax Presale Milestone and Book of Meme's Bullish Market In...

Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics

GameFi tokens show signs of returning narrative with 700% volume growth

The Sandbox is offering 10k $SAND reward pool in the VoxEdit Contest

Attention Bitcoin (BTC) Investors! This data points to a downward trend: it has fallen to its low...

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!