Ethereum to $2K? ETH price bull flag hints at September gains versus Bitcoin, dollar
Bitcoin EthereumEthereum sa $2K? Ang presyo ng ETH na bull flag ay nagpapahiwatig ng mga nadagdag sa Setyembre kumpara sa Bitcoin, dolyar09 / 01 / 2022Balita ng Ethereum ng Bitcoin Ang katutubong token ng Ethereum, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition noong Setyembre. ETH price chart bullish setup The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a “falling wedge” pattern with a profit target sitting around 30% above the current prices. Meanwhile, the ETH/BTC chart is painting a potential “bull flag” that could increase the price by approximately 10% from current price levels upon resolution. Heres how these bullish setups could play out. Ethereum to $2K next? Falling wedges form when the price trends lower inside a descending, contracting chanel. Falling wedge illustration. Source: New Trader U They typically resolve after the price breaks above their upper trendlines. Their breakout target is as high as the maximum distance between their upper and lower trendlines when measured from the breakout point ETH‘s price has been decreasing since mid-August in a falling wedge pattern. It recently rebounded after testing the structure’s lower trendline