Key takeaways:Ethereum is forming a bull flag on the daily chart, with a potential breakout to $4,000. If Ethereum’s network activity and total value locked continue to grow, ETH price may see further gains. Ether’s price printed a “bull flag” on the daily chart, a technical chart formation associated with strong upward momentum. Could a strengthening technical setup and increasing transaction fees signal the continuation of ETH’s rally toward $4,000?Ethereum transaction fees rising is bullishMarketwide recovery, fueled by Bitcoin’s rise to new all-time highs and improving macroeconomic conditions, saw Ether’s (ETH) price rise by nearly 56% to an eight-week high of $2,734 on May 23, from a low of $1,750 on May 6
source: https://cointelegraph.com/news/ethereum-price-chart-targets-4k-transaction-fees-hit-3-month-highs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound