At the core of Ethereum’s strength is a bull flag formation visible on its 4-hour chart. This pattern typically precedes upward continuation, especially following strong rallies — in this case, from under $2,000 to over $2,700 earlier this month.

ETH now hovers near the flag’s upper trendline, eyeing a breakout toward $2,827, its local high.

Ethereum’s price also sits comfortably above both its 50-period and 200-period simple moving averages (SMAs), signaling a strong uptrend. Its relative strength index (RSI) has cooled to neutral levels, suggesting there is more room to rally before hitting overbought territory again.

In contrast, Solana and Cardano are forming rising wedge patterns on their daily charts — setups often associated with trend reversals. SOL, currently trading near $167, risks a drop toward $111 if the wedge support breaks.