Ethereum’s long period of sideways movement maybe closer to resolution than most market participants expect. A longer time frame analysis shared by a TradingView analyst suggests that the current structure is the last step before a broader expansion that will see the price of Ethereum rise by over 100% in 2026.
This prediction is based on decades of price history that, taken together, present a convincing case. Ethereum has already done this, the structure is intact and a 100% deviation from the current price level is possible.
A consolidation over six years hiding a bullish structure
Technical analysis of higher time frame charts, particularly the monthly candlestick time frame, shows that Ethereum has spent much of the last six years locked in a wide consolidation rangewith repeated failures between $4,500 and $4,900. This range has served as a ceiling over several attempts, consistently attracting selling pressure every time the price approaches it.
To understand where Ethereum can go, a technical analyst known as Phil on the TradingView platform noted that traders must first understand where it is. Not in a few weeks or months, but over the entire history of its market.
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Two moments stand out as structural inflection points on the monthly chart. The first occurred in early 2017, when the ETH price broke above the psychological resistance level of $40 after failing repeatedly throughout 2016. This was the starting point of a roughly 7,500% rally.
The second occurred in mid-2020, when Ethereum, after spending two years consolidating in a falling wedge pattern, staged a further breakout of that formation’s lower support trendline, launching a continued rally of around 1,900%.
Ethereum Price Chart. Source: TradingView
The escape route to a 100% rally
What followed the two breakouts was a prolonged period of sideways price action, and that is precisely where Ethereum finds itself. ETH has been consolidating below $4,900 for almost six years. The overall upward trend, however, has not been interrupted.
Corrections since 2021 have led to the creation of higher lows, resulting in an ascending triangle pattern on the monthly time frame. Ethereum has already fallen about 25% from its recent highs, mitigate the downward momentum the support region of the triangular pattern.
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On the other hand, the psychological level of $2,000, tested by ETH just a few weeks ago, constitutes a second important bottom. As it stands, ETH has already bounced around 8% on the monthly chart since the $2,000 low was hit and held. The next step, according to the analysis, would be confirmation by higher lows and a distance from the support.
If support holds and a bullish confirmation occurs, the path forward becomes relatively simple from a technical perspective. The first major objective is a return to the $4,500 resistance range. A clear break above this level would finalize the completion of the ascending triangle. According to the analyst, this should translate into a 100% rebound in 2026.
Featured image created with Dall.E, chart from Tradingview.com
