After hitting a new all-time high in August 2025, Ethereum prices slowed down, with mostly in the $4,200-4,400 range since the revision. Nevertheless, cryptocurrency, the second-largest digital asset by market capitalization, is expected to reunite as it barely outpaces its previous record high at $100. For bullish analysts, the cycle goal is that Ethereum prices exceed $5,000, but not halt until it exceeds $6,000.
Ethereum prices remain on the bull’s side
The recent drawdown has since surpassed Ethereum’s prices by around 10%, but has not undermine price action. If anything, Crypto analyst Hamed_az believes Altcoin is a healthy fix that will help prepare you for the next bullish phase.
One thing that stands out is that the drawdown led to a corrective phase instead of a free fall. This suggests that pullbacks are sound and fairly bullish for digital assets, especially as Ethereum continues to maintain a key support zone of over $4,100.
During the current revision phase, Crypto analysts explain that Ethereum prices are currently forming a bullish flag pattern. The bullish flag pattern is a continuation pattern known to form after a fast price rise, followed by a short revision. The final part of the bullish flag pattern is breakouts, and doing so with volume gives digital assets a unique advantage to continue the uptrend.
Support zones must be retained
With the bullish flag pattern formed on the chart, the only major thing that can derail Ethereum’s price is if its support fails. That support is currently solid at $4,100 and continues to be held. Hamed explains that price action is still very bullish as long as Ethereum prices continue to retain this support.
A breakout from the bullish flag pattern leads to impulse waves, which could lead to a new, ever-highest height. Approximately 50% of the rally is expected to be attributed to this impulse wave, up to $6,500 before the Ethereum price is closed. “Look at the flag breakout and watch the bullish momentum resume once the consolidation is complete,” analysts said.
However, if you fall below the level of support, Ethereum prices may be in trouble. The next major support will be at the $4,000 psychological level where the Bulls defend them.
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