- Ethereum forms bull flag above $2,400 after wedge breakout, with $3,834 as the next high-conviction target.
- ETH mirrors 2017’s liquidity grab recovery, climbing from $1,480 to $2,619.44 with volume and strong structural follow-through.
- Ethereum must clear $2,800 resistance to activate the full breakout setup toward the $3,834 historical resistance zone.
Ethereum has climbed to $2,556.42 after confirming two major bullish continuation patterns across the daily and monthly timeframes. Market structure shows a sharp recovery off $1,600 with traders now watching the $2,800 level for further confirmation.
Double Formation Signals Strong Bullish Momentum
Ethereum printed both a falling wedge and a bull flag inside the same trend, reinforcing its current upward momentum. These patterns support continued upside while price holds structure above the $2,400 level without any breakdown. Breakout targets now extend toward the $3,834 resistance level previously seen in late 2024.
Source: (X)
As in the post above, bullish analyst Merlijn has provided insights on Ethereum’s current technical structure and forward trajectory. According to Merlijn, Ethereum broke out of a falling wedge between January and April after trending downward from $3,800. Price reversed near $1,600, then quickly moved above $2,300, forming a clean bull flag channel by June.
This consolidation maintained Ethereum above $2,400 while absorbing selling pressure and holding structure across several timeframes. Volume accelerated during the wedge breakout, and that leg now forms the base of the flag. Ethereum needs to clear the upper channel near $2,800 to trigger the next projected move.
Ethereum Holds Monthly Pattern Mirroring 2017 Structure
Ethereum has also formed a near-identical liquidity grab to the 2017 breakout, followed by a clear rebound. Merlijn has presented a detailed analysis showing Ethereum dipped below $1,500, then closed above $2,619.44 in July. This recovery mimics 2017 when Ethereum reversed from $6.50 and climbed beyond $140 within months.
Both the 2017 and 2025 charts show mid-wick recoveries on strong volume with aggressive reclaims above key support. Ethereum now trades between $2,373 and $2,647 on the monthly chart, building toward the $3,000 resistance cluster. The monthly pattern shows regained range control, with demand returning from the lows.
Ethereum has confirmed a series of bullish signals on multiple timeframes, supported by volume and historical behavior. The $3,834 level aligns with the previous December high and remains a clear target if $2,800 breaks. Price action suggests Ethereum is not at a peak, but still in formation.
Momentum remains with the bulls while support near $2,450 continues to hold firm. If Ethereum clears $2,800, the path toward $3,834 stays active. Ethereum’s recovery structure now reflects its strongest historical breakout patterns-clean, aggressive, and packed with conviction.
