A long stretch of Ethereum sideways movement may be closer to resolution than most market participants expect. Longer time frame analysis provided by the TradingView analyst suggests that the current structure is the final stage before a larger expansion that will see Ethereum’s price escalate by over 100% in 2026.
These predictions are based on decades of price history combined present a compelling case. Ethereum has done this before, the structure is intact and a 100% departure from the current price level is possible.
Six-year consolidation hiding a bullish structure
Technical analysis of the higher time frame charts, particularly the monthly candlestick time frames, shows that Ethereum has spent most of the last six years closed in a wide consolidation rangewith repeated failures ranging from $4,500 to $4,900. This range has served as a ceiling in many attempts, consistently creating selling pressure whenever the price approaches it.
To understand where Ethereum may be headed, a technical analyst known as Phil on the TradingView platform he noted that traders must first understand where it was. Not in weeks or months, but over the entire period of market history.
On the monthly chart, two moments stand out as structural inflection points. The first occurred in early 2017, when the price of ETH broke through the psychological resistance level of $40 after repeatedly failing to breach it throughout 2016. This was the starting point for an escalate of approximately 7,500%.
The second one took place in mid-2020, when Ethereum, after two years of consolidation within the falling wedge formation, made another break from the lower support trend line of this formation, starting a continuation of growth at the level of approximately 1,900%.
Ethereum price chart. Source: TradingView
Escape route to 100% growth
After both breakouts, there was an extended period of sideways price action, and this is where Ethereum finds itself again. ETH has been consolidating below $4,900 for almost six years. However, the general upward trend was not broken.
Corrections since 2021 have created higher lows, which creates an ascending triangle pattern on the monthly time horizon. Ethereum has already retreated about 25% from recent highs, easing the bearish momentum triangle pattern support area.
On the other hand, the psychological level of $2,000 that ETH tested just a few weeks ago represents the second significant low. As it stands, ETH has already bounced around 8% on the monthly chart since the $2,000 low was reached and maintained. As the analysis shows, the next step would be confirmation by higher lows and pushing away from support.
If support holds and bullish confirmation emerges, the path forward becomes relatively straightforward from a technical perspective. The first main goal is to get back to the $4,500 resistance range. A pristine break above this level would complete the completion of the ascending triangle. According to the analyst, 100 percent growth is expected in 2026.
Featured image created with Dall.E, chart from Tradingview.com
