ETH Price Breakout: Bullish Continuation Setup Confirmed

Ethereum (ETH) is currently trading in a bullish structure on the daily chart, according to a recent technical analysis report.

The price has formed a major base around $1,550-$1,600 and broke out strongly in August, moving rapidly from approximately $1,900 to the $2,500-$2,550 region with significant volume expansion.

This sharp upward move was followed by a consolidation phase, forming a Bull Flag-type structure. This is generally considered a bullish continuation setup when the price breaks above the upper boundary with strong volume.

The current price of around $2,465 is inside the flag, and a confirmed breakout above $2,550 could open the path toward $2,800-$3,000, with a measured target extending toward approximately $3,150-$3,250.