Ethereum is exhibiting a bull flag pattern on its weekly chart, with analysts predicting a potential surge to $6,900 if a breakout occurs. Currently trading at $4,463, Ethereum has maintained momentum above $4,400 following a rally from under $2,500 in June to over $4,000 in August. Analysts emphasize the importance of surpassing the $4,505 resistance level, with Fibonacci levels indicating $6,035 as a significant upside target. Additionally, U.S. spot Ethereum ETFs have recently added $80 million in ETH, highlighting growing institutional interest and reinforcing the bullish outlook.