The latest technical analysis shared by Matrixport reveals that Ethereum (ETH) price movement is nearing a critical stage.
According to our analysis, Ethereum has been moving within a large-scale “triangle formation” for the past few years, and this structure has now narrowed significantly and reached an important threshold that will determine its direction. Experts believe this long period of consolidation could lead to a clear breakout in 2026.
As you may recall, Ethereum experienced a significant rally from 2020 to 2021 due to the rapid expansion of the smart contract platform ecosystem and the strengthening of the “programmable money” narrative.
The new money flowing into the market during this period caused the ETH price to rise rapidly, with even the $10,000 level being discussed at the peak of market sentiment in 2021. However, these expectations did not lead to a permanent trend reversal.
Ethereum has entered a period of prolonged sideways movement and volatile price fluctuations after rebounding from its highs. According to Matrixport, the large triangle formation that emerged during this period indicates that the market currently has no direction.
It is highlighted that price has attempted to break out of this pattern both on the upside and downside in the past, but in both cases the move was unable to sustain and price quickly returned within the range.
Currently, the triangular pattern is said to be significantly compressed, and the range of price movements is gradually narrowing. This technical outlook suggests that the market is nearing a decision point.
Matrixport points out that after this long period of consolidation, 2026 could be a key moment for Ethereum, marking a clearer direction and the start of new trends. Investors are advised to be wary of increased volatility during this period.
*This is not investment advice.
