ETH price – Page 86

3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks

Ether risks bearish exposure as ETH’s price rises against falling volumes, but three crucial on-chain indicators suggest a dissenting scenario.

One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum.

The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs.

A falling wedge setup, as well as a rumor of Amazon preparing to accept cryptos, also boosts Ether’s upside appeal.

The Federal Reserve chairman sidelined inflation concerns, which appears to have coincided with a relief bounce for Ethereum.

Ethereum’s EIP-1559 upgrade is fast approaching, but derivatives data shows traders are less than optimistic about ETH’s short-term prospects.