As Ethereum (ETH) continues trading in the mid-term $2,000 range, there are signs that the second largest cryptocurrency by market capitalization may be preparing for the next leg. Digital assets seem poised to break out of bull flag formation, with $3,300 Potential targets.
Ethereum appears to be ready for a breakout
According to a recent encrypted quick take post by contributor Ibrahimcosar, the daily ETH chart shows breakouts from the formation of bull flags. Analysts shared the following chart to illustrate the next possible move for ETH:
For beginners, the bull flag pattern is a bullish continuation pattern formed after the flagpole, a powerful rising price movement, followed by a period of integration within parallel lines – flags. It usually indicates that assets could invade upwards and continue their previous uptrends.
In particular, ETH has been consolidated between $2,400 and $2,700 over the last 17 days. This integration, coupled with previous upward momentum, formed a classic bull flag pattern on daily charts.
Furthermore, ETH has exceeded the 200-day exponential moving average (EMA) over this same period. The analyst emphasized the bullish implications of this technical signal, saying:
Beyond the 200-day EMA is a bullish signal, and in the next strong move, there is a very good chance that ETH will be seen in the $3,000-$3,500 range. This is like a clear bull signal we saw before the massive gatherings of the past.
Furthermore, Ibrahimcosar noted that Ethereum’s movement often serves as a pioneer in the Altcoin market. Historically, other altcoins tend to follow suit when ETH gathers. Therefore, ETH breakouts could cause wider profits across the crypto market.
Meanwhile, Titan, Crypto analyst at Crypto, shared the following weekly charts that show potential ETH price targets if they maintain their current bullish trajectory. The chart shows that by the beginning of 2026 ETH had reached $8,500.
What do ETH whales expect?
In another post on X, Crypto analyst Ali Martinez observed that Ethereum whales (wallets holding 10,000-100,000 ETH) have accumulated over 1 million ETH over the past month.
Similarly, Web3 Growth Manager Cas Abbe recently said that ETH is beginning to show signs of life again. Executive It was predicted That ETH could reach $4,000 by the third quarter of 2025.
However, there are still hurdles. Recently, blockchain analysis company GlassNode It is listed When ETH reaches $2,800, you may witness strong sales pressure. At press time, ETH trades for $2,620, down 1% over the past 24 hours.
Featured images created with cryptoquant, x and tradingview.com charts, ofplash, ofsprash, and charts
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