Analysis: ETH is in a bullish flag pattern, if it breaks through resistance, it may point to the target price of $3,700

Odaily News The recent Ethereum rebound has resulted in more than $22 million in ETH short positions being liquidated, but technical analysis shows that ETH prices are still in a bullish flag pattern, and if they break through the current resistance level, they may point to a target price of $3,700. Analyst Titan of Crypto said that the weekly Stochastic RSI shows 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. In addition, analyst Crypto Patel pointed out that if ETH falls to $1,800 and finds support, it may start a new round of rising prices with a target price of between $4,000 and $5,000.