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Matrixport: Ethereum 'Triangle' Formation Approaching Critical Position, Direction Confirmation Expected in 2026
Summary: Matrixport released a chart today indicating that in the previous cycle, Ethereum attracted incremental funds under the expectation of ecosystem expansion and the narrative of 'Programmable Money,' driving a rapid price increase in 2020-2021. At the emotional peak in 2021, the market once expected a price of $10,000. However, the trend did not continue upwards. ...
Matrixport released a chart today indicating that in the previous cycle, Ethereum attracted incremental funds under the expectation of ecosystem expansion and the narrative of 'Programmable Money,' driving a rapid price increase in 2020-2021. At the emotional peak in 2021, the market once expected a price of $10,000. However, the trend did not continue upwards. After a high-level retreat, Ethereum entered a long-term consolidation phase, mostly trading within a large triangle pattern. The market has been mainly oscillating within a range for the past few years, with no clear trend. From a structural perspective, price attempts to break out of the range (once below, once above) have not been sustained, quickly returning to the range. Until direction confirmation, the market will continue to oscillate. The current triangle pattern is clearly converging, with price movement space continuously shrinking, indicating the structure is nearing its end. As this long consolidation phase gradually completes, 2026 may become a key window for Ethereum to make a direction choice and enter the next phase of trend.
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Link: Matrixport: Ethereum 'Triangle' Formation Approaching Critical Position, Direction Confirmation Expected in 2026 [Copy]
