- •Ethereum textbook bull flag pattern on the weekly chart, signaling potential continuation of the May‑August rally.
- •Strong buy‑side liquidity between $4,000–$4,100 support, indicates institutional defense and accumulation at lower levels.
- •A breakout above $4,500 could trigger a swift move toward $6,900, as per the measured move from the previous flagpole rally.
Ethereum is showing strong breakout potential as a weekly bull flag takes shape on the ETH/USDT chart. Currently priced at $4,477, ETH has gained over 14% this week, signaling growing momentum ahead of a possible move.
Ethereum (ETH) is flashing a powerful bullish signal with a textbook weekly bull flag forming on the ETH/USDT pair, as highlighted by popular crypto analyst Washigorira. This technical formation, well‑known among traders, suggests a possible continuation of Ethereum’s prior uptrend, which saw the asset double in price from around $2,000 to over $4,500 between May and August 2025.
Since the August high, ETH has entered a controlled pullback, moving within a descending channel — the “flag” portion of the pattern. Price action is bullish, holding above key support areas.
Technical projections show that if ETH breaks above $4,500 it could reach a target around $6,900. This estimate is derived from adding the height of the flagpole (~$2,500) to the breakout level (~$4,500).
Support Zones and Liquidity Add Conviction
Backing the bullish setup is a heatmap shared by TedPillows, showing strong buy‑side liquidity concentrated between $4,000 and $4,100. These zones — highlighted in bright yellow — have consistently shown deep buyer interest across multiple trading sessions. This indicates that institutions and large buyers are actively defending this price range.
Ethereum spent some time consolidating between $4,100 and $4,250, this sideways action often leads to a breakout.
Once ETH breached the $4,250 zone, it sliced through thin overhead liquidity, facing minimal resistance — a common signature of momentum‑driven breakouts and short squeezes.
Market‑Wide Tailwinds Strengthen ETH Outlook
Between September 27 and October 3, market cap jumped more than 17%, climbing from $460 billion to $540 billion. This steady rise, with higher highs shows that investors are growing more confident and eager to buy.
Ethereum looks poised for a potential push toward $6,900 to $7,000 in the coming months—if the momentum holds.