Hey Binance Fam,
Let's talk about ETH! 👀 There's a lot of chatter about its price lately, and some interesting things are happening on the charts.
Undervalued Gem?
I believe ETH might be undervalued right now. Based on my analysis, I'm setting a price target of $7000! 📈
Charting the Course
Take a look at the weekly chart. You'll notice ETH is currently forming an ascending triangle. This is a bullish pattern that suggests a potential breakout.
But that's not all! We're also seeing a bullish divergence on the weekly time frame. This is a powerful indicator that often precedes a price increase.
The Potential
So, what does this all mean? Well, it could mean that ETH is poised for a significant rally. We might even see its price double from where it is now!
Remember: This is not financial advice. Always do your own research before making any investment decisions.
What do you think, Binance Fam? Is ETH ready to take off? Share your thoughts in the comments below!