Summary
- Cointelegraph analyzed that Ethereum (ETH) is moving within a bull flag pattern on the weekly chart and could technically rise to $10,000.
- It said that breaking above the $4,440 upper trendline is the key to the rise.
- However, it said the correction period could lengthen due to a 7-week RSI decline.
An analysis said that, technically, Ethereum (ETH) could rise to $10,000.
On the 14th (local time), crypto asset (cryptocurrency) media Cointelegraph said, "Based on the weekly chart, ETH is moving within a bull flag pattern," and "if it breaks above the upper trendline at $4,440, there is room to rise to $10,000."
It added, "However, the 7-week relative strength index (RSI) falling from 74 to 54 could lengthen the adjustment period somewhat."
As of 00:15 on the 15th, ETH was trading at $3,959.61 on the Binance Tether (USDT) market, down 3.89% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
