From Cointelegraph

May 20, 2025 3:44 pm:

Ethereum is showing a potential bull flag pattern on the daily chart, with a breakout above $3,600 possible. Reclaiming the 2-week Gaussian Channel mid-line could lead to a 90% rally. The 1-day chart indicates consolidation between $2,400 and $2,750, with a resistance zone of $3,000 to $3,100.

A bullish breakout above $2,600 could target $3,600, supported by the 200-day EMA. Rising RSI and volume are needed for confirmation. Ether’s attempt to reclaim the Gaussian Channel midline could lead to significant rallies, historically. Traders exercise caution as Ether consolidates under $2,800, with a possible correction looming.

Read more at Cointelegraph: Ethereum price gained 90% the last time this indicator turned bullish