Ethereum Could Reach $8,000: Bullish Signal From ETF Flows and Chart Pattern

A potential surge in the price of Ethereum to $8,000 is being signaled by analysts as a result of significant inflows into exchange-traded funds (ETFs) and an intriguing chart pattern. Crypto asset expert CryptoGoo points to a bullish megaphone formation on the weekly chart as a strong indication for this prediction. This pattern, characterized by rising prices and higher highs, suggests increasing volatility with a bullish bias.