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

Другие статьи, опубликованные 24 июл. 2024 г.

Ferrari starts accepting crypto in Europe to meet demand from wealthy buyers

New Memecoin Pepe Eats Solana (PEPEATS) Will Rally 19,000% Before Exchange Listings, As SHIB and ...

US House Rep. Approves Fresh Crypto Bill to Fight Illicit Finance, Forms Working Group

Cryptocurrencies and Numbers: Untangle the mystery here!

New Solana Memecoin Trump Fired Biden Will Explode 17,000% Before First Exchange Listing, As SHIB...

The State Duma adopted the mining bill in the first reading

Join our free newsletter for daily crypto updates!