Date: 2023-04-13T16:25:00Z Creator: Bitfolio Academy
After a successful Shanghai upgrade, yesterday, Ethereum broke $2000 for the first time since May 2022. After this upgrade, there was no “buy the rumor, sell the news” like there was last year after the big merge. Could ETHer 30x from here? The weekly chart’s massive bull flag says Yes.
Over the past 3 weeks, Ethereum has broken out of a massive bull flag on the weekly chart. If the chart pattern holds true, then we could be seeing a 30x coming over the next 18 months. That’s right. You heard me correctly. A 30x over the next 18 months; over $60k by November of 2024.
Of course, technical analysis is not rocket science, and the bull flag could be wrong. But, Ethereum is looking very strong on all time frames. Stay tuned for more updates.
Let me know in the comments. 🤔
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