Ethereum Forms Bull Flag Pattern: Can It Reach a New All-Time High?

Ethereum (ETH) has formed a multi-month bull flag on the weekly chart, suggesting its recent upward trend could continue. If it breaks out, ETH could rise about 76%, moving closer to its previous record highs.

Right now, ETH trades near $4,110, up 3.4% in the last 24 hours, but still 17.1% below its all-time high of $4,946 from late August. Over the weekend, prices fell to $3,574 after a market-wide sell-off, influenced partly by new U.S. tariffs on Chinese goods, including rare earth minerals and important software. Investors remain cautious despite ongoing trade talks.

What the Bull Flag Means for ETH?

A bull flag often appears after a significant price increase. Prices shift slightly lower as buyers take a break, creating a small downward channel. In Ethereum, this pattern has been emerging for several months, suggesting that buyers may be setting up for the next rise.

ETH is testing support near $3,875 at the lower edge of the flag. Holding this level is important to keep the bullish setup. If it breaks, the pattern could fail, delaying a potential breakout.

Technical indicators are beginning to favor buyers. The Aroon Up stands at 42.86 percent, while the Aroon Down is still at 0 percent, indicating that momentum is slowly shifting away from sellers. The RSI is close to neutral, providing space for potential gains.

Volatility is part of ETH’s nature, particularly within these patterns. It is important to observe price action near the lower trendline, as even minor declines can quickly affect overall sentiment.

Potential Price Targets and Resistance Zones

A rise above the $4,440 trendline would confirm Ethereum’s bull flag, suggesting a move toward $7,245, about 76% higher than now. Bull flags like this often lead to strong rallies when volume and momentum are strong. Short-term resistance is between $4,100 and $4,250, a zone where many long positions have been closed. Passing this level would show strength and support the uptrend. Failing here could bring minor pullbacks or short consolidation.

Ethereum has previously faced selling near $4,250, so a sustained rise will need both technical confirmation and strong buying. Volume is important, as weak participation can cause false breakouts.

A successful move past resistance could first push Ethereum to $4,450–$4,600 before approaching the larger target. This gradual climb is typical for bull flag patterns.

Market Sentiment and External Factors

Technical signals suggest some optimism, yet the market is cautious. The Crypto Fear and Greed Index remains at “fear”, reflecting investors’ caution. U.S.-China trade tensions and new tariffs are also shaping short-term choices.

Trump announced tariffs on rare earth minerals and AI-related software, crucial for tech. Talks continue before November 1, yet the market has not moved decisively. Ethereum and top cryptocurrencies are affected, but technical momentum may provide trading opportunities.

What’s Next for ETH?

Ethereum holding support near $3,875 and breaking past $4,440 would make a new all-time high more attainable. Buyers will face a key test in the $4,100 to $4,250 zone in the short term.

While price swings remain likely, the bull flag pattern offers a technical roadmap, pointing to a near-term target between $4,450 and $4,600 and potentially higher levels.