Ethereum Bulls Signal Potential Break Above $5,500

Ethereum’s price is displaying a bullish flag pattern just below its all-time high levels. This signal, often seen before sharp upward movements, suggests that the recent consolidation phase could soon lead to a powerful breakout. Momentum indicators are showing strength as ETH gains momentum. Traders closely watch for signs of increased buying pressure. A breakout above $5,500 is anticipated, which may trigger further rally in Ethereum and potentially across other altcoins.