As per PANews, Matrixport's analysis suggests Ethereum has been in a long-term consolidation phase within a large triangle pattern since its peak in 2021. The price has twice attempted to break out of the range, but both failed to sustain momentum. The pattern is now converging, with the price range narrowing significantly. Matrixport notes that 2026 could become a key year for Ethereum to confirm its direction and enter the next phase of its trend.
Ethereum's Triangle Pattern Nears Critical Point, 2026 May See Directional Breakout
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Summary
Ethereum news shows the asset remains in a long-term triangle pattern since its 2021 peak, according to Matrixport. Price attempts to break out have failed, and the pattern is now converging. Ethereum price today sits in a narrowing range, with 2026 expected to be a key year for a directional move. Matrixport highlights this period could mark the start of a new trend phase.
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