🔺️#ETH is forming a bullish flag — a signal for continuation of growth? 🚀
The ETH coin has formed a classic bullish flag, which often indicates the potential for continued upward movement.
📌 Current price: $3,590
📉 Local minimum of the flag: $3,354
📈 Local maximum of the flag: $3,736
🔍 Possible targets based on the pattern:
Formula:
📐 Target = Breakout level + height of the pole
Height of the pole: 3,736 − 3,354 = 382
Potential targets from the breakout (around $3,736):
🎯 Target 1: $3,736 + 382 = $4,118
🎯 Target 2 (extended scenario): $4,200+ with increased volume and bullish momentum
If the flag works out — ETH could soar to $4,100 and above. However, much will depend on the volumes and the overall market sentiment.
⚠️ Remember: the market is unpredictable. Always conduct your own analysis and manage risks before making trading decisions!