Ethereum’s Bull Flag Sparks $4K Betting Frenzy on Polymarket

Ethereum paints a textbook bullish pattern—just as prediction traders stack bets on a $4,000 breakout. Smart money or hopium? You decide.

Meanwhile, Wall Street still can’t tell the difference between a blockchain and a Excel spreadsheet.

Ethereum price technical analysis

Technicals point to more ETH price gains in the coming months. It formed a golden cross as the 50-day and 200-day Arnaud Legoux Moving Averages crossed each other earlier this month. 

Ethereum is also forming a bullish flag pattern on the daily chart. The flagpole started earlier this month and peaked at $2,736, the 50% Fibonacci Retracement level. The recent consolidation is part of the flag formation.

Therefore, there’s a chance that the coin will rebound in the next few days or weeks. A MOVE above the 50% retracement at $2,736 will point to more gains, potentially to the 61.8% retracement point at $3,052. Rising above that retracement will point to more upside to $4,000.