Technical analysis of the 3-week chart outlook shows ETH heading towards the top of a golden triangle formation that has survived the Covid crash, the bear market of 2022, and the ongoing correction of 2026. According to the analyst who first identified it, what happens next at the top of this structure could define Ethereum’s trajectory for the next few years.
Nine-year structure of Ethereum
Ethereum’s 3-week candlestick chart highlights a long ascending support line starting near early market cycle lows and extending through the Covid crash of 2020, the bear market of 2022, and the last correction since its all-time high of $4,946 in August 2025.
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The upper boundary of the formation is a horizontal trendline, between $4,800 and $4,900. Ethereum has struggled to circumvent this horizontal resistance, including during the 2021 peak and again during its return to record highs. The lower boundary, however, is the most important part of the structure as it has defined the broader uptrend for almost a decade.
Each major downturn has tested the trend, but the structure is not broken yet with a close below the support trendline with a 3-week candlestick. This is why the current chart position is more than another routine support test. According to a crypto analyst named Crypto Tice on X, it’s time of truth. The triangle has survived everything the market has thrown at it, but nothing it has faced compares to today.
Where Ethereum is heading from the Golden Triangle
The Golden Triangle now leaves Ethereum with two scenarios. The first is the upward trajectory, which depends on ETH continuing to hold the long-term ascending support line. The important breakdown level is at $1,950, meaning Ethereum still needs to close the current 3-week candlestick above this level to keep the nine-year structure alive.
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A successful hold above $1,950 would keep Ethereum inside the triangle and give the bulls a chance to push the price back into the upper range of the structure. From there, the next important the price level to watch is $4,350. This would turn the defensive setup into a breakout structure, with a projected target by Crypto analyst Tice at $10,000.
The second the scenario is bearish. A breakout and close several candlesticks below $1,950 would carry much more weight than a normal pullback, as it would push Ethereum below the rising support that guided the market through the Covid crash and 2022 bear market. Such a move would nullify the golden triangle thesis and imply that the nine-year bullish structure has ultimately failed.
At the time of writing, Ethereum is trading at $1,575, down 6% and 22% over the last 24 hours and seven days, respectively. However, there is still time for Ethereum to return above $1,950 before the end of June.
Featured image from iStock, chart from Tradingview.com
