This is a news story, published by CoinGape, that relates primarily to ETH news.
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megaphone patternCoinGape
•Business
Business & Economics
62% Informative
A popular crypto analyst expects ETH price to surge to between $7.7k and $ 9.9k .
He cites the formation of a megaphone chart pattern or a rising broadening wedge chart pattern.
The pattern has formed on the weekly chart, meaning that the ETH price target will take time to form and complete.
On the positive side, ETH is forming a bullish pennant chart pattern, which often leads to a strong bullish breakout.
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