Ethereum (ETH) price forms multi-month bull flag, can it hit a new all-time high?
The post Ethereum (ETH) price forms multi-month bull flag, can it hit a new all-time high? appeared on BitcoinEthereumNews.com.
Ethereum price has formed a multi-month bull flag pattern on the weekly chart, which could position it for a potential 76% upside if a breakout is confirmed. Summary Ethereum price is down 16.7% from its all-time high. A bull flag pattern has formed on the weekly chart. ETH could potentially rally over 70% based on the pattern’s projected target. According to data from crypto.news, Ethereum (ETH) was trading at $4,120 on Wednesday morning, Asian time, dropping 6% from its Friday high of $4,382. At its current price, it is down 16.7% from its all-time high of $4,946 reached in late August this year. Its price dipped to as low as $3,574 over the weekend, dragged down by a broader market sell-off that followed partly after U.S. President Donald Trump announced fresh tariffs on Friday, targeting Chinese goods. The goods included rare earth minerals and critical software, both essential components for emerging technologies and AI infrastructure. Although U.S. officials note that talks are underway with the Chinese government ahead of the Nov. 1 tariff deadline, market sentiment is still on edge. This cautious mood is clearly reflected in the Crypto Fear & Greed Index, which still shows a “fear” reading, suggesting that investors are still in risk-off mode, at least until further clarity or concrete developments emerge around the trade negotiations. Despite the cautious sentiment across the broader crypto market, Ethereum’s price action on the weekly chart is telling a different story. From a technical standpoint, ETH appears to be carving out a highly bullish setup that, if confirmed, could pave the way toward a new all-time high. Currently, Ethereum is trading within a bull flag pattern, a classic continuation structure that typically forms when prices consolidate within a downward-sloping channel following a strong upward surge. This formation often signals that…
Filed under: News - @ October 15, 2025 7:25 am