🚀 Is ETH ready to break $2000?
The latest trend in the charts of $ETH shows a bullish flag pattern, which could be crucial for confirming a close above $1800. The reactivation of institutional demand, evidenced by robust flows in ETFs —$64.1 million recorded on April 28— and a TVL exceeding $51.8 billion, reinforces the possibility of an upward movement. This context raises the question: Is this just a technical bounce or the beginning of a larger trend?
In an environment of economic uncertainty in Latin America, where in countries like Venezuela the dollar acts as a refuge against inflation, every advance in the crypto market becomes increasingly relevant for asset protection. Additionally, we observe hard data in the market, such as $SOL rising 12% in 24 hours, which adds dynamism to this scenario.
DYOR
What is your perspective on this movement? ✍️
