Analysis: ETH in Bullish Flag Pattern, Breakout Could Target $3700

Recently, Ethereum's rebound led to the liquidation of over $22 million in ETH short positions, but technical analysis shows that ETH prices remain in a bullish flag pattern. If it breaks through the current resistance level, it may point to a target price of $3,700. Analyst Titan of Crypto stated that the weekly Stochastic Relative Strength Index (Stochastic RSI) indicates that ETH still has room to rise. Another analyst, Chimp of the North, believes that ETH may rise again after a pullback to $2,400, with a target range of $3,000 to $3,300. Additionally, analyst Crypto Patel pointed out that if ETH falls to $1,800 and finds support, it could start a new round of upward movement, with a target price between $4,000 and $5,000.