Updated: 30.04.2026
- Price charts Ethereum indicate a possible test of the $3,000 mark.
- Volume of purchases Ethereum exceeded $1 billion this week.
Ethereum’s technical indicators across multiple timeframes confirm the altcoin’s bullish price trend in early May.
Since early April, a “bullish flag” pattern has been forming on the ETH/USD daily chart. This signal forms after the price consolidates in a downward range following a sharp rise.
The flag will disappear once the price breaks the upper trendline at $2,350 and may rise to the height of the previous uptrend. Therefore, the upper target for ETH is just above $3,000, which is approximately 33,5% above the current price.
Meanwhile, the ascending triangle on the eight-hour chart also suggests that ETH was poised for a significant rally. A break above the triangle’s upper trendline at $2,400 would confirm the pattern’s formation and pave the way for a rally to the triangle’s target at $3,305. In this case, the gain would be 46%.
Another bullish signal for the altcoin will be the increase in trading volume. On Wednesday, this figure exceeded $1 billion, according to According to CryptoQuant: This means investors took advantage of the drop below $2,300 to buy more ETH.
As we can see, the drop below $2,300 has once again reignited traders’ interest. This suggests that market participants are still willing to bet on a more optimistic short-term outlook for Ethereum- said CryptoQuant analyst Darkfost.
April closed for ETH with a gain of 8%, with the year-over-year gain reaching 26,8% (data CoinGecko).
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