Ethereum (ETH) Price Prediction: Bull Flag Pattern Hints Next Target Could Be $3600

Ethereum (ETH) price surged by 43.75% for three consecutive days between May 8 and 10. This ascent pushed ETH from $1,808 to $2,600 and has since corrected by 7%. However, if the Ethereum price slips into an accumulation phase, this pattern forecasts that the next target could be $3,600.

Due to the recent surge in bullish momentum for Bitcoin (BTC) and other altcoins, the expectations for future growth have increased.

Expecting Ether to hit $3,000, $3,500, or even $4,000 is not unlikely.

Unconfirmed Accumulation Pattern Hints Ethereum Could Reach $3,600

The bear market of 2025 saw Ethereum price drop in classic distribution pattern. This setup shows the reversal of a bull run; it contains large drops followed by a ranging or distribution phase. There were three distribution phases and four expansion moves for ETH that led to a 66% crash. After forming a local bottom at $1,385, the price bounced 30%, signaling a bullish reversal and a potential end to the bear market.

After a sharp spike in buying pressure, Ethereum price slipped into an accumulation phase for two weeks. A breakout this ranging market propelled ETH price up by 43.75% between May 8 and 10. Currently ETH trades at $2,456. If the bull run has begun, which many believe it has, then investors can expect another accumulation phase to follow.

Considering the 43.75% rally followed by the upcoming consolidation, a bull flag or the a bullish pennant are two of the most likely setups investors can expect. Both of these are continuation patterns that forecast an explosive move after the end of the accumulation phase for ETH.

The taregt for such setups is obtained by measuring the height the initial rally and adding it to the breakout point of the consolidation phase. In this case, investors can expect a 47% rally to $3,600. A more bullish outlook could see Ethereum price revisit December 2024 highs at $4,100 or set up a new all-time high above $5,000.

Why This Patter Works for Ethereum (ETH)?

As noted above, the rally-consolidate-rally pattern works well for Ethereum (ETH) due to the nature of the markets and investor psychology. In this case, the bias is bullish after months of choppy market movements. During the bull run, markets overextend and cool down by consolidating, which resets RSI or other momentum indicators before price explodes in the same direction.

Ethereum’s case is a bit different since it was massively oversold and didn’t perform even when other altcoins shot up in 2025. ETH/BTC ratio has been on a downtrend since 2022, which shows relative weakness of Ethereum against Bitcoin (BTC). Hence, a comeback in Ethereum price will most likely see a massive spike in buying pressure and exponential rallies.

Technical Analysis: Short-term Outlook for ETH

While the recent surge was impressive, Ethereum price is most likely preparing for a correction. The key support levels include $2,240 and $2,140. However, the ideal accumulation phase if the aforementioned levels break is $1,872.

Investors should note, there could be a whipsaw that sweeps the key swing points at $2,615 and $2,340 or $2,140.

The accumulation phase noted in the first half of this article could see ETH bounce between $2,614 and $1,140.

To conclude, the outlook for Ethereum price remains bullish with the recent 43.75% rally to roughly $2,600. This sudden outlook is most likely going to be followed by a consoldiation or accumulation phase that could allow buyers to take a break as price consolidates. A push above $3,000 and price holding above $2,600, indicates that Ethereum price prediction is bullish and ETH is ready to skyrocket on a lower timeframe.

Frequently Asked Questions (FAQs)

1. What is the current price of Ethereum (ETH)?

The price of Ethereum is $2,456.

2. What sparked the recent surge in Ethereum's price?

After a two-week period of consolidation, Ethereum price experienced a 43.75% rally, propelling it from $1,808 to $2,600.

3. What are the potential targets for Ethereum's price?

If Ethereum slips into an accumulation phase, this pattern suggests that the next target could be around $3,600. A more bullish scenario could see Ethereum