The Ethereum Golden Triangle That Has Predicted Every Move Shows Where Price Is Headed

A crypto analyst has identified a Golden Triangle, a rare structure that has been forming on the Ethereum (ETH) chart for almost nine years. According to the analyst, the Ethereum price has remained within this triangle during both bullish and bearish periods.

However, he says the cryptocurrency is now approaching the apex of the triangle pattern, signaling an upcoming breakout either to the upside or downside. Depending on the direction of that breakout, the analyst has forecast ETH’s next move and possible price target.

Ethereum Golden Triangle Could Trigger A Surge To $10,000

A market analyst identified as ‘Merlijn The Trader’ on X has shared a new Ethereum price analysis, presenting both bullish and bearish scenarios. In a post shared on April 24, Merlijn said the Ethereum price is currently trading within a Golden Triangle pattern that has maintained its structure since 2017, two years after the cryptocurrency launched in 2015. 

According to the analyst, the pattern has withstood several major events that caused sharp price swings during all those. He pointed to the 2020 COVID crisis, when most cryptocurrencies suffered steep declines, including ETH, which also crashed significantly. Even so, he noted that Ethereum continued to hold within the Golden Triangle. 

The same pattern remained intact during the 2022 bear market, which followed ETH’s explosive surge to an all-time high above $4,800 in 2021. He added that even after reaching a peak in 2026 and undergoing another major correction, Ethereum remained within the triangle without breaking its structure.

Because the structure has held firm through all these bullish and bearish events, Merlijn believes ETH could now be approaching a decisive breakout from the nine-year formation. Looking at his accompanying chart, he noted that ETH is moving closer to the apex, the highest point, of its Golden Triangle, where a breakout often occurs.