Ethereum [ETH] caught investors off guard as its price gained bullish momentum on the 17th of May and increased by over 2%
A few of the metrics suggested that the bullish momentum might not last.While the token’s price moved up, it broke above a bullish pattern that could allow the king of altcoins to touch $4k in the coming days or weeks.revealed that ETH investors enjoyed profits last week, as the token’s price had surged by more than 6%.
The bullish price action had a positive impact on the token’s social metrics, as its Social Volume remained high last week. The pattern appeared on ETH’s chart during the beginning of March, and since then, ETH has consolidated inside it.
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