Ethereum News Today: Ethereum Bull Flag Intact as Altcoins Gain 30-70% Amid Bullish Technical Setup

Ethereum (ETH) continues to demonstrate resilience amid the broader cryptocurrency market's recent rebound, with analysts highlighting a sustained bullish momentum pattern on its price chart. Reputed crypto analysts have noted that the "bull flag" formation—a technical indicator often signaling a continuation of an upward trend—remains active, suggesting ETH is poised for a retest of key resistance levels. This comes as altcoins regain traction following a period of consolidation, with Ethereum outperforming Bitcoin (BTC) in recent months despite slower progress toward its all-time high (ATH) of $4,800 [1].

The cryptocurrency market has seen renewed optimism after the Q1 2025 slump, with Bitcoin closing multiple CME gaps and setting fresh ATHs between Q2 and Q3. Altcoins have followed suit, posting gains of 30–70% over the past months. Ethereum, however, has taken a more cautious approach to reclaiming its 2021 ATH. While it bottomed at $1,700 in early 2025, its current price of $3,800 lags behind the previous peak. Analysts attribute this to a prolonged bull cycle and divergent market patterns, though recent outperformance of BTC has reignited bullish sentiment [1].

Technical indicators underscore ETH's potential for a breakout. The asset has formed a bullish golden cross, where the 50-day moving average crosses above the 200-day average, a historically significant signal. Additionally, on-balance volume (OBV) metrics and the bull flag pattern—highlighted by a series of lower highs and higher lows—suggest strong institutional buying pressure. "It’s like suddenly people forget a bull flag is bullish," one analyst tweeted, emphasizing the pattern's reliability and the absence of bearish divergences in ETH's price action [1].

Further analysis points to a critical retest of the $3,800 resistance level. Breaking above this threshold could propel ETH into the $4,000 range, bringing it closer to its 2021 high. Reputed analysts caution that sustained momentum above the Tenkan red line and within the Fair Value Gap (FVG) is essential to avoid a pullback. "No concern as long as price stays above both," another analyst noted, emphasizing the importance of maintaining these technical supports to validate the bullish case [1].

The broader market context also favors ETH. As Bitcoin consolidates gains, altseason—historically tied to Ethereum's leadership role—has begun to take shape. Ethereum's ability to outperform BTC, even in a slower-moving market, underscores its growing adoption and utility, particularly with upcoming upgrades. While the path to $4,800 remains challenging, the current technical setup and analyst consensus suggest a high probability of a retest in the near term. Investors are advised to monitor key resistance levels and volume dynamics for confirmation of a sustained breakout [1].

Source: [1] [ETH Bull Flag Still in Play as the Pioneer Altcoin Ethereum Prepares for Another Bullish Retest] [https://cryptonewsland.com/eth-bull-flag-still-in-play/]