Ethereum (ETH) started the year 2025 on a strong leg but has since retraced from the $3,500 level and is now struggling to hold above the $2,000 level. However, the recent price action of ETH is shining some hope amongst investors.
According to expert analysis, Ethereum is forming a massive bull flag pattern on a large time-frame. This pattern is often associated with a huge price surge which could see Ethereum grace a new all-time high. The recent price performance of ETH has also sparked expert predictions which point to $5K or even higher.
Ethereum Bull Flag Pattern Formation
In an analysis shared on X by pseudonymous crypto analyst ‘Merlijn The Trader’, Ethereum has formed a Bull Flag Pattern. This technical formation usually suggests that a potential upward price movement is on the horizon. According to the chart shared by the analyst, the price movement of ETH since 2021 has established a converging triangle pattern with the upper resistance level decreasing. Additionally, the lower support levels are increasing, hence formation of the bull flag.
Historically, bull flags indicate brief market consolidation periods. But a potential major price surge may happen if a successful breakout above the resistance line occurs. Furthermore, the recent retest of the lower trend line in 2025 could indicate a key turning point for Ethereum bulls to regain control in the market.
Based on the size of the preceding surge in the cycle that happened between 2020 and 2021, the analyst’s projection points to a surge to $15. A pump of this magnitude could lead to Ethereum ‘breakout of the year.’ The predicted price pump meets the fundamental rules of the bull flag breakout pattern whereby the upcoming rally should reach the same height as the previous cycle’s price surge did.
‘ETH to $5K Before SOL to $300;’ BitMEX Co-founder Predicts
Ethereum’s recent price performance has sparked analysis and predictions by several experts. Notably, the BitMEX co-founder Arthur Hayes who is well known for his crypto predictions, shared his ETH prediction in a post on X earlier today.
According to Arthur Hayes, Ethereum will reach $5,000 before Solana reaches $300. “$ETH to $5k before $SOL to $300. Who is with me?” the BitMEX co-founder shared.
As per the data on Coinmarketcap, Ethereum is trading at $2,065.99 as of the time of this writing. The price of ETH is down by 1.22% today following a dip from the $2,100 achieved yesterday. The trading volume of ETH is slightly up by 8.97% over the last 24 hours and currently sits at $12.53 billion.
While Arthur Hayes prediction is achievable, Ethereum must first embark on a sustained upward price movement. A successful breakout will occur with support from favorable macroeconomic factors and rising adoption. This would validate a bullish trend to a new ETH ATH.
On the other hand, Solana is trading at $142.10 and is up by 0.98% on the day. Whether ETH will reach $5K before SOL reaches $300 will depend on investors choosing Ethereum over Solana moving forward.
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