$ETHTechnical price perspective: the bullish flag and the golden cross indicate an upward trend $ETHEveryday chart reveals a bullish flag pattern, typically a continuation formation. It starts with a strong upward movement (the "flagpole"), followed by a brief consolidation in a parallel channel (the "flag"). This setup often precedes a breakout in the direction of the previous trend, suggesting $ETH Could rise. The projected target of this formation is $ 3,715, calculated by adding the height of the flagpole ($2,788 - $ 1,800) to the breakout point near $ 2,780.

To reinforce the bullish outlook, Ethereum has formed a golden cross, with the 50-day weighted moving average (WMA) surpassing the 200-day WMA. This cross usually indicates increasing buying pressure and has historically marked the beginning of sustained upward trends.

With the bullish flag and the golden cross in play, ETH could soon retest the $ 3,000 level. A confirmed daily close above this key psychological mark could open the door to $ 3,500, where Ethereum previously consolidated in early 2025. The next significant resistance is at $ 4,000, a level that marked a double top last year.