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#ETH #Which Memecoins have a strong community? The price of Ethereum is forming a bull market flag within a broader bullish market structure consol. Investors are closely watching the Ethereum price to determine the moment of a potential surge, as missing this move could lead to a potential loss of 30% profit. Meanwhile, the adoption of Bitcoin continues to soar, with BTC aiming to break previous all-time highs.
During the European trading session on Friday, the trading price of ETH was around $3811, a decrease of 1.3% over the past 24 hours, but an increase of 1.4% compared to last week.
The price of Ethereum has been trapped in the current consolidation range for the past eight days. However, this chart pattern is part of a previous bull flag formation and could lead to significant potential gains if a breakout occurs. The Ethereum price trend is above the 50-day and 200-day simple moving averages (SMA), indicating a bullish sentiment among investors.