Ethereum to ATH in 2024? Why ETH’s surge has excited investors

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Ethereum [ETH] has finally gained bullish momentum, as both its daily and weekly charts were green and things can get even better

Ethereum is on the verge of breaking out of a bullish pattern, and things in the short term also look bullish.finally gained bullish momentum at press time. If the latest data is to be considered, then ETH might be getting ready to reach new highs by the end of this year.revealed that ETH’s price increased by over 2% in the last seven days. In the last 24 hours alone, the token’s price surged by more than 3%.

Things can get even better for the token as a bullish pattern appeared on ETH’s chart. World of Charts, a popular crypto analyst, recently posted a It was interesting to note that ETH got rejected from the upper limit of the pattern a few times earlier. However, World of Charts mentioned that there were still chances of a breakout.AMBCrypto then planned to take a closer look at ETH’s metrics to better understand what to expect in the short term. We found that selling pressure on the token increased.

 

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