TechFlow, Dec 30 — According to a recent report by independent analyst Markus Thielen, Ethereum's price is currently approaching a critical point within a large multi-year triangle formation, with its consolidation range steadily narrowing. The year 2026 is expected to become a key window for ETH to make a directional breakout.
Looking back at previous cycles, Ethereum surged rapidly during 2020–2021, driven by the expansion of smart contract ecosystems and the "programmable money" narrative, leading markets to anticipate prices reaching $10,000. However, ETH failed to sustain that upward trend and entered a prolonged period of sideways consolidation. Over the past several years, price action has largely oscillated within this triangular range, with two prior breakout attempts—one to the downside and one to the upside—both ultimately failing.
