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Three reasons why $3K ETH price target is back for May
Ether (ETH) has rebounded more than 25% from its February low below $1,800, and a mix of technical and onchain signals suggests the recovery may still have more room to run in May. Ether’s technical setups on multiple time frames support the bull case for ETH price as April comes to a close. The ETH/USD pair has been forming a bull flag chart pattern on the daily chart since early April, as shown below. A bull flag pattern is a bullish continuation pattern that forms after the price consolidates inside a down-sloping range following a sharp price rise. The flag will resolve once the price breaks above the upper ... (full story)