Ethereum eyes $3.6K on bullish chart setup, but faces key resistance

Ethereum (ETH) is forming a bull flag pattern on the daily chart, suggesting a possible rally to $3,600 if it breaks above $2,600, according to Cointelegraph. Key resistance lies between $3,000 and $3,100, while support is seen near $2,400. Technical indicators like the 200-day EMA, RSI cooling and a golden cross on the 12-hour chart support the bullish case. However, traders remain cautious, as ETH may stay range-bound or face a pullback if it fails to break resistance, with downside risk toward $2,150–$1,900.