Ethereum at $2,500: bullish flag points to $3,300 target
- —ETH bounced from $2,370 to $2,470, up about 2% in 24 hours
- —Outflows from spot Ethereum ETFs totaled $405.7 million over three days
- —A break above $2,550 would confirm the bullish flag with a $3,300 target
- —The Bank of Japan raised its rate by 25 bps to 1.25%, a 31-year high
Why it matters: ETH's bounce after the Fed decision shows the market has priced in a rate hike, but the durability of the rally depends on a break above $2,550 and an end to ETF outflows.
Source: Cryptonews.net