Ethereum Bull Flag Breakout: ATH On The Horizon As Major Metrics Turn Bullish
- Crypto analyst Javon Marks highlights bullish metrics for Ethereum, including a bull flag-like price structure and hidden bullish divergence in the Relative Strength Index. - Marks suggests the possibility of Ethereum hitting a new all-time high and experiencing a 63% upside to $4,811. - Analyst Michaël van de Poppe also anticipates a major move for Ethereum, potentially triggered by news about an Ethereum ETF. - However, there are concerns about a potential rejection of the Ethereum ETF applications by the SEC, which could lead to a significant decline in Ethereum's value. - Analyst Derek notes that Ethereum's dominance and recent performance are at their worst, affecting investment sentiment and putting pressure on altcoin prices. - Ethereum is currently trading at around $2906, down in the last 24 hours.
