Ethereum Price Prediction: Bulls Targeting $3,600

Ether’s price has been fluctuating between $2,400 and $2,750 for weeks, forming a textbook bull flag pattern. If this pattern holds, it suggests Ethereum could climb to approximately $3,600. Support from the 200-day EMA is aiding this range, while a rising relative strength index indicates momentum could turn positive once price clears $2,600. The Gaussian Channel mid-line is in focus, and a crossover there on May 20th brought Ethereum close to reclaiming the level, which preceded significant rallies in both 2023 and 2020. However, a similar situation in August 2022 failed to materialize, highlighting how fast patterns can change.