Ether ‘bear pennant’ puts target on $1.1K ETH price: Here’s why

2 months ago

Ethereum onchain data and a bear pennant on the da

Ether 'bear pennant' puts target on .1K ETH price: Here’s why

Ether 'bear pennant' puts target on $1.1K ETH price: Here’s why

Ethereum onchain data and a bear pennant on the daily chart suggest that bears may target the $1,100 level. Would a dip to that zone represent a generational buy opportunity?

ETH/USD daily chart. Source: Cointelegraph/
ETH/USD two-day chart. Source: Crypto Patel
Ethereum daily transaction count. Source: CryptoQuant
Ethereum TVL and DEX volume. Source: DefiLlama

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