CryptoWorld News reports that data suggests the price of Ethereum (ETH) may rise to $3,000 at the start of the new moon, despite an 8% deviation from its $2,460 10-week high. Since the February low of $1,800, Ethereum has rebounded by more than 25%. Technical and on-chain signals indicate that the recovery in May may still have more room to grow. The Ethereum/US dollar trading pair has formed a bullish flag pattern on the daily chart since early April; if the price breaks above the $2,350 uptrend line, it could rise further to above $3,000.

ETH0.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin