Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge

Name	Symbol	Market	Market Cap ($)	Algorithm
Flow	FLOWUSD	Crypto	806,445,532	Unknown

Name

Symbol

Market

Market Cap ($)

Algorithm

Flow

FLOWUSD

Crypto

806,445,532

Unknown

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.018	3.54%	0.527	0.524	0.526

Price Change

Price Change %

Current Price

Bid Price

Offer

0.018

3.54%

0.527

0.524

0.526

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.53538	0.511	0.511	0.509	0.392000 - 1.70

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.53538

0.511

0.509

0.392000 - 1.70

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:49:58	613.60	0.527	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:49:58

613.60

0.527

USD

Price x Volume	Volume	Base Symbol	Related Pairs
130,651.06	248,432.40	FLOW	FLOWEUR	FLOWGBP	FLOWBTC

Price x Volume

Volume

Base Symbol

Related Pairs

130,651.06

248,432.40

Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge

28/01/2025 4:00am

NEWSBTC

Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern. Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed targets to watch out for following the formation of this pattern. Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Kartik stated that the next strong support level is at $2,800. He added that the Ethereum price could see a positive move from either a breakout of the trendline or support at the $2,800 level, or both could co-occur. The analyst also advised market participants to wait for things to play out before making any decisions. The analyst’s accompanying chart showed that the Ethereum price could rebound from the support level at $2,800 and rally to $3,600. The chart also showed that Ethereum could even rally to as high as $4,000. Meanwhile, ETH could face some resistance at around $4,100 as it targets higher prices. A break of the $4,100 resistance could lead to a further rally to $4,400. Crypto analyst Titan of Crypto also provided a bullish outlook for the Ethereum price, stating that a breakout is imminent. This came as he remarked that ETH was on the verge of breaking out from a falling wedge pattern. Crypto analyst Mikybull Crypto also stated that the ETH breakout seems very close, which could send its price to $4,000. ETH To Reach $5,000 Thanks To These Fundamentals In an X post, crypto analyst Ted predicted that the Ethereum price will reach $5,000 before April this year. The analyst alluded to ETH’s fundamentals to prove why such a parabolic rally is possible for the second-largest crypto by market cap. First, he mentioned the fact that Donald Trump’s World Liberty Financial is buying and staking ETH, which is bullish for Ethereum. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Ted further mentioned the launch of Etherealize, which will help onboard institutions. This move could increase the inflows into the ETH ETFs, which is a positive for the Ethereum price. The analyst also mentioned the Pectra upgrade, which is coming in March 2025. Alongside these bullish fundamentals, he noted that sentiment is at an all-time low, which he claimed is the best signal for reversal. At the time of writing, the Ethereum price is trading at around $3,130, down almost 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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