Analysis: ETH is in a bullish flag pattern, if it breaks through resistance, it may point to the target price of $3,700

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ODAILY
05-18
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Planet News: Recently, the Ethereum rebound led to the liquidation of over $22 million in ETH short positions. However, technical analysis shows that ETH price remains in a bullish flag formation, and if it breaks through the current resistance level, it may point to a target price of $3,700. Analyst Titan of Crypto stated that the weekly Stochastic RSI indicates ETH still has room for growth. Another analyst, Chimp of the North, believes ETH might rise again after retracing to $2,400, with a target range of $3,000 to $3,300. Additionally, analyst Crypto Patel noted that if ETH falls to $1,800 and finds support, it could trigger a new round of price increase, with target prices between $4,000 and $5,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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