Trading Guru Sees Bullish Future for Ethereum, Targets $5,600 in Latest Analysis
Ethereum has so far witnessed intensified attention from the crypto community following the swirling reports of the likely launch of Ethereum spot exchange-traded-funds (ETFs) next week. Of those giving the asset increasing attention is Peter Brandt, a veteran trader who has recently shared exciting insights into Ethereum’s price action. Renowned for his decades-long track record in financial markets, the veteran trader has provided Ethereum’s highly optimistic technical analysis. Through his analysis of Ethereum’s price movements, Brandt predicts a potential surge that....
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Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC was trading above $40,000 for a second consecutive session, as bullish pressure remained within the world’s largest cryptocurrency. This momentum comes as traders were somewhat relieved by the Fed’s decision to lift rates, which helped remove some recent market tension. As of writing,....
Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern. Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed....