Ethereum's price chart displays an inverse head and shoulders pattern, suggesting a bullish reversal. The trend began at about $1,985 and developed a "head" reaching the $4,000 neckline in October. It then retraced to a higher low, forming the "right shoulder", indicating potential upward momentum.
With Ethereum ETF inflows gaining traction, optimism about ETH hitting $7K is rising. This fundamental and technical backdrop suggests that the crypto market could see significant gains as Ethereum's value potentially surges in the coming weeks or months.
Fonte: www.thecoinrepublic.com ↗
