Ethereum's native token, Ether (ETH), is poised for a 20% rally following a breakout from a bull flag pattern, which has already driven an 85% price increase since June. The breakout suggests a potential upside target near $3,250, a previous resistance level. Key technical indicators like the 50-week and 200-week moving averages support this bullish outlook, though the relative strength index (RSI) nearing overbought levels could signal consolidation or correction. A drop below $2,640 could invalidate the bullish setup and push prices toward $2,550, where a large cluster of leveraged long positions may trigger liquidations and accelerate declines.
Ethereum trades at Rp49.152.398 on Pluang, showing a strong 1-day gain of 5.60% as of Sep 21, 2026 23:22 WIB. This notable price movement aligns with the article's discussion of bullish momentum and potential upside. Despite this, Pluang order activity remains skewed towards selling at 75%, indicating some cautious sentiment among traders. The circulating supply stands at 122.1 million ETH, with a market cap of Rp5.968,16 trillion, underscoring Ethereum's significant presence on the platform.
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