Ethereum Price Prediction: Bull Flag Points to $3,600 – But This One Indicator Could Push It to $5K
2025-05-22
Ethereum $ETH has gone up by nearly 1% in the past 24 hours and currently stands at $2,535 after a few days of relatively muted price action.
The token’s post-Pectra rally encountered some selling pressure at the $2,750 level upon crossing the 200-day exponential moving average (EMA) in the daily chart.
Crypto trader Merlijn the Trader hinted at a bullish Ethereum price prediction on X as he spotted a ‘golden cross’ in the 12-hour chart. This is a bullish indicator that has recently produced strong gains in the near term for the top altcoin.
Ethereum price forecasts have been revamped lately after the successful implementation of the network’s Pectra upgrade.
This widely awaited revamp to the blockchain’s design has improved its efficiency and could make ETH a deflationary token as a portion of gas fees will now be burned to reduce its circulating supply.
Ethereum Price Prediction: Bull Flag Breakout Could Result in 45% Gain for ETH
Meanwhile, another continuation pattern has emerged in the past few days that could anticipate a bullish breakout that pushes ETH to at least $3,600.
prediction
Flat patterns are known as high-probability technical setups that occur after the price has experienced a strong bullish or bearish movement.
Indicates that the market is taking a pause to consolidate before resuming the previous move. In the case of ETH, this flag pattern has emerged after a robust uptrend that propelled the price from $1,800 to its current levels.
If a bullish breakout occurs, which in this case means that the price breaks above the upper bound of the flag at $2,600, the expected price movement is often estimated using the size of the flag’s pole as a reference.
For $ETH ,this means an upside potential of at least 45% that would take its price to $3,600 in the next few weeks.
The pattern’s bullish bias would be confirmed if the breakout occurs in combination with high trading volumes.
