Ethereum is trading nearly $4,500 after strong weekly profits of over 13%. Analysts are tracking some bullish chart setups with forecasts ranging from $5,500 to almost $7,000 as momentum continues.
As a result, the current focus is whether ETH can break the highest resistance ever and move towards price discovery.
Bull flag pattern refers to $6,900
Titan from Crypto shared a weekly chart showing ETH forming the bull's flag. This pattern developed after a sharp gathering ranging from around $2,500 to over $4,500. Bull flags are known as continuation setups, and the price is consolidated downwards before reopening higher.
#ethereum bull flag🎯
The weekly bull flag pattern formed in $eth.
Breakout could send the price to $6,900. pic.twitter.com/5dmgqrzifs-Titan (@washigorira) October 2, 2025
Analysis shows that confirmed breakouts that outweigh the flag's resistance could move to around $6,900. The target is based on the height of the rally before it was known as the flag pole and is added to the breakout level. ETH is still integrated, so a clear breakout is required before the movement is verified.
Retesting between $4,100 and $4,200 remains important
Cas Abbé has posted a chart showing that it will destroy and retest the $4,100-$4,200 zone. This type of retest is often considered a positive confirmation, especially when combined with strong purchase volumes.
Abbot I wrote it,
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“Ethereum was able to retest the $4,100-$4,200 levels again before the new ATH.”
They also shared a short-term goal of between $5,500 and $6,000 by November. Fibonacci's expansion level is $5,994 from his chart points and $6,200 as the next upside zone if support is retained.
Ethereum vs Bitcoin Rotation Setup
Trader Merlijn compared ETH's performance with Bitcoin on its weekly charts. The pair is in a long re-accumulation phase since 2018, similar to the conditions that preceded the surge in Ethereum in 2018.
Ethereum vs Bitcoin has loaded its biggest rotation in eight years.
Charts scream for re-accumulation.
In 2017, the signal preceded in the parabolic operation of $ETH returned.History doesn't lie.
This time it comes with Wall Street Fuel. pic.twitter.com/m7ilrsavs1-MERLIN THE TRODER
The analysis suggests that if ETH/BTC breaks higher, Ethereum could launch a new phase of outperformance this time with additional participation from institutional investors.
Testing resistance near previous highs
The CW shared a three-day ETH/USD chart. This put Ethereum below its all-time high, between $4,800 and $4,900. ETH has maintained a strong uptrend from its 2022 low, with the recent pullbacks looking minor compared to the wider trends.
CW It's attracting attention,
“$eth rises above ATH and goes to the moon.”
Chart Show ETH indicators have been over-acquired in the short term, which could lead to sideways and pauses. Still, breakouts over $4,900 push ETH into new territory with room for even more profits.
