Ethereum Triangle Breakout Predicts $3,000 Price Surge
Ethereum's price has been steadily climbing, and analyst Ali Charts believes it could reach as high as $3,000 this week if it closes above $2,550. This prediction is based on a triangle pattern forming on the 12-hour chart, which mirrors an earlier setup that led to a 31% gain in just three days.
The last time a similar triangle breakout occurred, Ethereum's price surged 31% in only three days. If history repeats itself, this could send the cryptocurrency towards $3,000. However, this is not a guaranteed outcome, and a clean break above resistance would be needed to support this case.
In other news, Ethereum ETFs saw significant inflows of $216.41 million on September 11, with BlackRock's ETHA leading the way at $148.82 million. This brings the total historical inflows for Ethereum ETFs to $13.39 billion and net assets across the funds to $16.31 billion.