According to CoinMeta, the price of Ethereum remained around $2,450 on August 26, forming a potential bull flag pattern. After experiencing a strong weekly increase, it failed to break through $2,550. Starting from an opening price of $2,251.44 on August 20, Ethereum rose to a high of $2,545.88 the following day, with a gain of about 13%. Currently, the price is fluctuating between $2,400 and $2,500, indicating that traders have not yet fully reversed the upward trend. Analyst Ted Pillows pointed out that Ethereum needs to close above $2,550 on the weekly chart in order to open up the possibility of reaching $3,000.