Ethereum’s Bull Flag Hints at $3,600—But One Metric Could Send It Soaring to $5K
Ethereum’s chart flashes a textbook bull flag—a pattern that often precedes explosive rallies. Traders are eyeing $3,600 as the initial target, but a hidden catalyst might just turbocharge the rally further.
Here’s the kicker: one underrated on-chain indicator suggests ETH could bypass resistance levels entirely, gunning straight for $5,000. Of course, Wall Street ’experts’ will probably notice three months late—just in time to call it a bubble.
Active addresses and whale accumulation paint a bullish picture, while the usual suspects (cough, institutional FOMO) lurk in the shadows. Buckle up—this could get volatile.
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.
Flat patterns are known as high-probability technical setups that occur after the price has experienced a strong bullish or bearish movement.
It 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.
In addition, ETH could be about to deliver another strong buy signal as the 21-day EMA is nearing the 200-day EMA.
If the former crosses above the latter, a bullish signal known as a ‘golden cross’ will be triggered and this could result in major gains for the token in a relatively short period as well.
Like ETH, Bitcoin (BTC) has rallied above the $100,000 mark already. A new crypto presale called BTC Bull Token (BTCBULL) is gearing up to automatically deliver rewards to token holders once the price hits $125,000.
BTC Bull Token (BTCBULL) Allows Bitcoin Investors to Generate Passive Income
BTC Bull Token (BTCBULL) delivers different types of rewards to token holders as bitcoin hits new price milestones.
Now that BTC has surpassed the $100,000 mark, the first of these milestones is closer than ever.
The system is quite simple. For every $25,000 that BTC adds to its price, either a portion of BTCBULL’s circulating supply will be burned or token holders will receive a direct airdrop of Bitcoin tokens.
With $6 million raised since the presale event was launched, the rewards pool has been fully funded to cover the first couple of milestone-based rewards.
To buy $BTCBULL and start earning passive income from Bitcoin’s rally, head to the BTC Bull Token website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.
