Analysis: The Ethereum "triangle" pattern is approaching a critical point, and a direction confirmation may occur in 2026.

Crypto界网 December 30 News, Matrixport’s analysis in today’s chart states that during the previous cycle, Ethereum attracted incremental funds due to expectations of ecosystem expansion on smart contract platforms and the “programmable currency” narrative, driving a rapid price surge in 2020-2021; at the emotional peak in 2021, there was a market expectation of surpassing $10,000. However, the trend did not continue its upward momentum. After a high-level pullback, Ethereum entered a long-term consolidation phase, generally trading within a large triangle pattern, mainly oscillating within this range over the past few years, with no prominent trend. Structurally, the price attempted twice to break out of the range—once downward and once upward—both attempts failed to sustain, and the price quickly returned to the range. Before the trend is confirmed, the market remains primarily in consolidation. The current triangle pattern is clearly converging, with the price movement space continuously shrinking, and the structure approaching the end. As this long-term consolidation gradually concludes, 2026 may become a key window for Ethereum to complete its direction choice and enter the next phase of its trend.