Ether trades in a narrow range for much of the past month after a rally of more than 30% in late August, and chart patterns now indicate the cryptocurrency is resuming its advance. The move puts an initial technical target at $3,050, with analysts also watching support zones that could determine whether the rally extends further.
Highlights
- Ether broke above the Sept. 11 high of $2,661.52, completing a bull flag breakout and setting a technical target of $3,050.
- Price may consolidate between $2,775 and $2,825, while holding above the 10-day moving average and February trendline strengthens bullish momentum signals.
- Sustained gains could target $3,395 to $3,445, but a drop below $2,560 to $2,565 or especially $2,350 to $2,360 would undermine the rally.
Technical breakout lifts upside outlook
As reported by Reuters, ether pushes above the upper boundary of a bull flag formation after surpassing the Sept. 11 high of $2,661.52 on Monday, based on LSEG data. In technical analysis, a bull flag is a continuation pattern that follows a sharp rise, then a period of consolidation as earlier buyers take profits and new participants prepare for the next move.The breakout suggests ether is on course toward $3,050, a target derived from the size of the flag formation. The cryptocurrency could pause in the $2,775 to $2,825 area, where previous daily highs and lows may act as a consolidation zone before any further advance.
Additional chart signals support the bullish view. Ether rises above its 10-day moving average on Friday and also holds above a trendline drawn from its February high, two levels technical analysts watch for signs that momentum is strengthening.
Support levels remain critical for market sentiment
Those signals improve the chances that the current upswing extends beyond the initial $3,050 objective. A further move into the $3,395 to $3,445 range is also possible, matching areas near the January and December highs.At the same time, traders are monitoring downside thresholds that could weaken confidence in the rally. A drop below the $2,560 to $2,565 area would likely unsettle bullish sentiment, while a move under $2,350 to $2,360 would probably mark the end of the current advance.
In our earlier article on the widening bull-bear divide in U.S. equities, we noted that stretched valuations and AI-driven optimism were fueling sharply different forecasts for the market. We explained that extremes on either side can lead households to mistime decisions—either pulling out on repeated crash calls or chasing riskier AI-linked stocks on overly ambitious upside narratives—pointing instead to a slower, more cautious growth phase.
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