Ethereum (ETH) price is forming a bullish flag pattern on the daily chart, with potential for significant gains above $3,600. Analysts point to DeFi growth and increased institutional interest as driving forces behind this surge. However, a breakout above $2,600 could target the $3,600 resistance zone, which aligns with the flagpole height added to the breakout point. }$, This bullish flag pattern suggests Ethereum price might reach around $3,600 after potentially consolidating between $2,400 and $2,750. A key area of interest for traders remains the resistance range at $3,100-$3,000. Technical indicators like the 200-day EMA support this lower range. Meanwhile, although RSI is near overbought levels, it has cooled down in recent days. A breakout with rising RSI and volume would confirm a bullish trend, while a drop below $2,400 risks invalidating the pattern.