Ethereum Eyes $3,000 as Analyst Cites Triangle Pattern and ETF Inflows

Ethereum's price has been steadily increasing over the past few days, and analysts are taking notice. According to analyst Ali Charts, Ethereum could reach $3,000 if it closes the week above $2,550.

A triangle pattern on the 12-hour chart is mirroring a setup that led to a 31% gain in just three days, as seen in an earlier breakout. This has left some investors optimistic about Ethereum's potential future price movements.

But what's also worth noting is the significant influx of funds into Ethereum ETFs. On September 11, these funds pulled in $216.41 million, with BlackRock's ETHA leading the way at $148.82 million.