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Cryptocurrency News

Ethereum eyes mini breakout above $3K as Coinbase ETH outflows hit new record

05/04/2022

Less than a minute

2022.05.04 20:00

Ethereum’s native token Ether (ETH) is poised for a mini bull run above $3,000 primarily due to a classic bullish reversal pattern on its shorter-timeframe chart, and a huge spike in ETH outflows from Coinbase (NASDAQ:COIN).

ETH’s price has been forming a falling wedge pattern since late March 2022, which raises its prospects of undergoing a breakout move in May.

Source

05/04/2022

Less than a minute