Ethereum is preparing for a significant price jump according to technical indicators analysis

The daily chart for Ethereum shows the formation of a bullish flag pattern known for its bullish implications, as the price witnessed a notable rise from $1900 to $2730, then entered a consolidation phase between $2400 and $2750. A breakout above the $2600 level suggests the potential to reach $3000 and then $3600.

Technical indicators support this direction, as the 200-day exponential moving average provides strong support, while the decline in the Relative Strength Index from overbought levels indicates the possibility of further upward movement.

Encouraging factors include Ethereum's attempt to break through the midpoint of the Gaussian channel, which has historically been associated with massive jumps exceeding 1800%.

However, caution remains essential if the price fails to surpass the $2800 level, which may lead it back into the range of fluctuations, with significant support levels at $2150 and $1900.

In summary, the indicators suggest the possibility of a strong upward movement for Ethereum, with the necessity for close monitoring of price movements.