Ethereum: From Double Bottom to Bullish Flag — Phase 2In my () I outlined a classic double bottom with bullish divergence on the daily chart —
Ethereum followed the structure precisely and triggered a clean breakout.
✅ Now What?
The first impulse is already behind us.
Historically, after a double bottom breakout, price often enters a bullish continuation phase — most commonly forming a rising flag.
🟩 The flagpole (impulse) is already in place
🔄 Next: accumulation inside a potential range of $2,100–$2,700
This range could play out through late May into early summer — forming the base for a new leg higher.
🧠 Macro Catalysts:
If labor data and inflation slow down, the Fed may cut rates as early as Q3 —
which could act as a spark for renewed momentum.
And beyond price:
Ethereum is the most actively used blockchain — by dApps, DeFi, and daily transaction load.
The demand is real, and it’s growing.
🎯 Price Path:
- Consolidation between $2,100–$2,700 = healthy
- Breakout above $2,800 = measured move toward $4000-6000
As long as the range holds and volume builds — the roadmap remains valid.
📊 Are you tracking this flag too?
Drop your scenario in the comments — let’s compare setups and levels.
