Ethereum is trading close to $4,500 after a strong weekly gain of more than 13%. Analysts are tracking several bullish chart setups, with projections ranging from $5,500 to almost $7,000 if momentum continues. Consequently, the focus now is whether ETH can break resistance near its all-time high and move into price discovery. Bull Flag Pattern Points Toward $6,900 Titan of Crypto shared a weekly chart showing ETH forming a bull flag. The pattern has developed after a sharp rally from about $2,500 to above $4,500. A bull flag is known as a continuation setup, where the price consolidates downward before resuming higher. #Ethereum Bull Flag Weekly bull flag pattern forming on $ETH . A breakout could send price toward $6,900 pic.twitter.com/5DmGqrZifs — Titan of Crypto (@Washigorira) October 2, 2025 According to the analysis, a confirmed breakout above the flag’s resistance could project a move to around $6,900. The target is based on the height of the previous rally, known as the flagpole, added to the breakout level. ETH is still consolidating, so a clear breakout would be needed before the move is validated. Retest of $4,100–$4,200 Remains Key Cas Abbé posted a chart showing ETH breaking and retesting the $4,100–$4,200 zone, which has now turned into support. Retests of this kind are often seen as positive confirmation, especially when paired with strong buying volume. Cas Abbé wrote , “Ethereum could go down and retest $4,100–$4,200 level again before a new ATH.” They also shared a short-term target of between $5,500 and $6,000 by November. Fibonacci extension levels from his chart point to $5,994 and $6,200 as the next upside zones if the support holds. Source: Cas Abbé/X Ethereum vs Bitcoin Rotation Setup Merlijn The Trader compared ETH’s performance against Bitcoin on the weekly chart. The pair has been in a long re-accumulation phase since 2018, similar to conditions that preceded Ethereum’s surge in 2017. ETHEREUM VS BITCOIN IS LOADING ITS BIGGEST ROTATION IN 8 YEARS. The chart screams re-accumulation. The signal that preceded $ETH ‘s parabolic run in 2017 is back. History doesn’t lie. This time the move comes with Wall Street fuel. pic.twitter.com/m7iLrsavs1 — Merlijn The Trader Token2049 (@MerlijnTrader) October 2, 2025 The analysis suggests that if ETH/BTC breaks higher, Ethereum could begin a new phase of outperformance, this time with added participation from institutional investors. Testing Resistance Near Previous Highs CW shared a 3-day ETH/USD chart that places Ethereum just below its prior all-time high between $4,800 and $4,900. ETH has maintained a strong uptrend from the lows of 2022, with the recent pullback looking minor compared to the broader trend. CW noted , “$ETH will rise beyond ATH and go to the moon.” Source: CW/X Indicators on the chart show ETH has been overbought in the short term, which may lead to sideways movement or a pause. Still, a breakout above $4,900 would push ETH into new territory with room for further gains. The post Ethereum Eyes ATH Levels Again, Bull Flag Points to $6,900 Run appeared first on CryptoPotato .
