Analysis: ETH is in a bullish flag shape, and if it breaks through resistance, it may point to the target price of $3700

Odaily Planet Daily News: The recent rebound of Ethereum has led to the liquidation of over $22 million in ETH short positions, but technical analysis shows that ETH prices are still in a bullish flag shape. If they break through the current resistance level, they may point to a target price of $3700. Analyst Titan of Crypto stated that the weekly stochastic relative strength index (Stochastic RSI) shows that ETH still has room for growth. Another analyst, Chimp of the North, believes that ETH may rise again after a pullback to $2400, with a target range of $3000 to $3300. In addition, analyst Crypto Patel pointed out that if ETH falls to $1800 and gains support, it may start a new round of upward trend, with a target price between $4000 and $5000.