Ethereum Gearing Up for $6,500? Decoding the Bullish Continuation Setup

Ethereum Gearing Up for $6,500? Decoding the Bullish Continuation Setup

Ethereum, the second-largest digital asset by market capitalization, has recently captured the attention of investors and analysts alike. Following a significant surge that saw it establish a new all-time high in August 2025, the cryptocurrency has entered a phase of consolidation, largely trading within the $4,200-$4,400 range. Despite this apparent slowdown, a growing number of market observers believe that this period of consolidation is merely a precursor to another substantial rally, potentially propelling Ethereum's price towards an ambitious target of $6,500. This optimistic outlook stems from specific chart patterns and the underlying strength demonstrated by the asset during its recent movements, suggesting that the path ahead for ETH remains largely upward. Understanding Ethereum's Recent Performance and Healthy Correction The journey to its latest all-time high saw Ethereum barely surpass its previous peak by approximately $100, a modest gain that hinted at untapped p…