Ethereum at 'Golden Triangle' Apex — $1,950 Crucial to 9-Year Bull Case

Ethereum is sitting at a structural crossroads on the 3-week chart — and what happens next at the apex of a long-lived “golden triangle” could shape the market for years. Nine years of support A three-week candlestick view of ETH shows a rising support line that began near the early cycle lows and has held through the 2020 Covid crash, the 2022 bear market, and the latest correction that followed Ethereum’s August 2025 all-time high of $4,946. The triangle’s top edge is a horizontal ceiling in the roughly $4,800–$4,900 zone — the same range that capped rallies during 2021 and the run back to record highs. But it’s the ascending lower boundary that has mattered most: no 3-week candle has yet closed decisively below it, preserving a near-decade bullish structure. Why the apex matters Because this is a multi-year pattern and we’re at its apex, the next few 3-week closes carry more weight than a routine pullback. Analyst Crypto Tice on X, who first flagged the formation, calls this “the moment of truth” — the triangle has survived previous shocks, but nothing has tested it quite like the present correction. Two scenarios from here - Bull case: If Ethereum continues to hold the long-term ascending support, the key breakdown level to watch is $1,950. ETH needs to close the current 3-week candlestick above that mark to keep the nine-year structure intact. A successful hold would keep bulls inside the triangle and open the path back to the upper range; a move above about $4,350 would convert the defensive setup into a breakout, with Crypto Tice projecting a potential target of $10,000 in that scenario. - Bear case: Multiple 3-week candlestick closes below $1,950 would be more significant than a brief dip — they would signal a breach of the rising support that has guided the market since the early cycle lows. That outcome would invalidate the golden triangle thesis and imply the nine-year bullish structure has failed. Where ETH sits now At the time of writing, Ethereum trades near $1,575 — down roughly 6% over 24 hours and about 22% over the past week. There’s still time for ETH to reclaim $1,950 before the end of June, but the next few multi-week closes will likely determine whether this long-running pattern survives or gives way to a new trend.