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Ether bull flag targets $6K as ETH supply on exchanges falls to 12%
Ether price registered a multi-year high of $4,792 on Thursday after a 45% rise from its Aug. 3 low at $3,354. The price is now consolidating below its $4,867 all-time high after validating a classic bullish continuation pattern. Can Ether’s price rise 34% in the next few days? ETH rallied more than 126% between June 22 and Aug. 14 to reach a multi-year high just below $4,800. The latest rally saw the price breach the resistance provided by the upper boundary of a bull flag at $3,770 on the daily chart, confirming a bullish breakout. A bull flag is a continuation pattern that occurs after a significant rise, ... (full story)
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