Ethereum is currently consolidating between $2,400 and $2,750, forming a bull flag pattern on its daily chart with a potential breakout above $3,600. The 2-week Gaussian Channel mid-line could lead to a 90% rally if reclaimed. The article discusses historical trends when ETH crosses above this midline, leading to significant rallies. Additionally, the importance of the golden cross between the 50-day SMA and 200-day SMA is highlighted. However, there are risks associated with relying solely on these indicators. Popular crypto trader XO notes that Ethereum is facing resistance below $2,800 and may correct if it fails to break above this level. The article also mentions the possibility of a short-term correction if ETH retests the Fibonacci levels. Readers are advised to conduct their own research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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