Ethereum (ETH) has been consolidating in the past few days, hovering between the $1,830 and $1,930 levels as volumes have dried up. Following a promising breakout above the $1,800 resistance, the price action has stalled, and a flag pattern has formed as a result. Ethereum Trading Volumes – Source: SantimentTrading volumes also indicate that the market is struggling to find direction. Bullish Flag Pattern Favors $2,500 Near-Term Target for ETHHeading to the daily chart, we can see that a flag pattern has formed after ETH broke above the $1,800 resistance. ETH/USDT Daily Chart – Source: TradingViewIf bulls manage to push ETH past the $1,930 upper bound of the flag, our projection is that the price could reach $2,500 at least in the near term.