$ETH price is another token to buy as spot ETH ETF inflows jump. It has also formed a bullish flag pattern, comprising of a vertical line and a rectangle that resembles a hoisted flag.
The upper limit of the flag is $2,743, and the lower limit is $1,386, creating a measured move of $1,357. Adding this to the breakout level at $2,740 gives a target of approximately $4,100.
$ETH has also formed a golden cross pattern, where the 50-day moving average crosses above the 200-day moving average. This is a classic bullish signal that further supports the case for continued upside.