Ethereum price holds $2,450 as bull flag takes shape

Ethereum price traded near $2,450 on Aug. 26 after a sharp weekly rally stalled below $2,550, while its 4-hour chart formed a potential bull flag that could decide the next major move. Summary Ethereum price remains around $2,450 after reaching a seven-day high near $2,546. A 4-hour bull flag places immediate resistance between $2,500 and $2,550. Daily RSI has reached 75.59, showing strong but overextended momentum. CoinGlass data shows major liquidation clusters near $2,550 and $2,300. Ethereum price consolidates after its weekly surge According to data from crypto.news, Ethereum (ETH) price was trading at $2,452 at the time of writing, holding most of the gains produced by last week’s sharp breakout. ETH opened at $2,251.44 on Aug. 20 and rose to an intraday high of $2,545.88 the following day. Its move from the Aug. 20 opening price to the weekly high represented a gain of about 13%. The advance becomes larger when measured from the consolidation zone near $1,900 that preceded the breakout. Ethereum gained nearly 34% between that level and the weekly peak before buyers and sellers reached a temporary balance. Price has since remained largely between $2,400 and $2,500. That tight...