Ethereum has experienced a notable price correction following its surge to an all-time high of approximately $4,300 in August 2025. Since the peak, the cryptocurrency, recognized as the second largest by market capitalization, has stabilized within a range of $4,200 to $4,400. However, many analysts remain optimistic, suggesting that Ethereum could reclaim momentum and surpass the $5,000 mark, with some forecasting even higher targets above $6,000.
Despite a 10% decline since the peak, the overall sentiment remains bullish. Crypto analyst HAMED_AZ has characterized the recent price movement as a “healthy correction,” indicating that it sets the stage for a potential bullish phase. The downturn has not been viewed as detrimental; rather, it has formed a corrective phase that maintains key support above $4,100.
The formation of a bullish flag pattern—a continuation pattern typically emerging after rapid price gains followed by a period of consolidation—has analysts hopeful. This pattern suggests an eventual breakout could lead to significant upward movement for Ethereum. If this breakout occurs with strong trading volume, it could indicate a sustained uptrend for the digital asset.
HAMED emphasizes the importance of holding the support level at $4,100. A successful breakout from the current pattern could lead to an impulse wave expected to push Ethereum’s price up by approximately 50%, potentially reaching as high as $6,500. The analyst advises traders to monitor the flag pattern closely and anticipate a resumption of bullish momentum once the consolidation phase concludes.
Conversely, should Ethereum falter and fall below the $4,100 support, it could face challenges, with the next critical support zone identified at the $4,000 psychological level. Here, market participants would likely regroup and defend their positions.
The ongoing analysis underscores a pivotal moment for Ethereum as it navigates its corrective phase, balancing between current support and potential bullish continuation.
