Ethereum nears a breakout from a 3 year triangle, with MACD crossover, rising RSI, and bullish momentum pointing to a $10K–$20K target.
- Ethereum nears the $4,200 resistance, forming a 3 year ascending triangle with breakout potential toward $10K–$20K by 2026.
- A bullish MACD crossover and green histogram on the monthly chart signal rising momentum for Ethereum’s next major move.
- RSI at 82.87 indicates strong buying pressure; while overbought, it aligns with trends seen before major ETH rallies.
Ethereum price structure is taking shape for what could be its most explosive move since the 2021 rally. The asset is currently locked in a broad ascending triangle pattern, with resistance around $4,800 and a rising support trendline beginning from $1,000 in mid-2022.
The triangle has compressed over three years and now is near its apex, aligning with an active bullish setup on higher timeframes. Ethereum is trading just below $4,000, while several technical indicators point to increased volatility and momentum building up. A breakout above $4,200 could lead to a rapid surge in price.
Monthly Structure Strengthens as Momentum Builds
Ethereum monthly candle closed strongly, displaying notable bullish strength. This recent candle comes with a fresh MACD crossover, where the blue MACD line crossed above the orange signal line.
Additionally, the histogram flipped from red to green, supporting the possibility of renewed upward momentum. This same MACD structure last appeared in early 2023 and led to a moderate price rally.
Now, with price nearing multi month highs again, the setup suggests conditions are aligning for a broader breakout. Historical comparisons show Ethereum previously surged from $250 to $4,800 between 2020 and 2021. A similar move is being projected through a second red box on the chart, with speculative targets ranging from $14,000 to $20,000.
Price Action Approaching $4,200 Resistance with High RSI
At press time, Ethereum was trading at $3,938.89 with a daily high of $3,940.93 and a low of $3,844.60. The price is close to the upper Bollinger Band level at $4,169.07, which also acts as psychological resistance. The lower band is far below at $2,694.43.
Meanwhile, the RSI is at 82.87, well above the overbought level of 70. This high reading suggests strong bullish momentum, although such conditions often precede short term pullbacks.
However, RSI can stay elevated during aggressive trends, as seen in past market cycles. Daily trading volume is stable at 12.12K ETH, showing no signs of divergence from the ongoing rally.
Triangle Apex, MACD Crossover, and Support Zones Align
The current triangle pattern spans from a $1,000 base to a $4,800 top, compressing over a three year period. The upward trendline now rises toward $1,900, and the price is nearing the triangle’s apex.
If the $4,800 resistance breaks, price projections suggest a parabolic rally toward $10,000–$20,000 into 2026. However, if the price fails to break above that level, Ethereum could fall toward key support zones near $3,400, $3,000, or even $2,000.
These support levels show areas of trendline contact and Bollinger Band support, indicating where the price could retrace if momentum stalls. The structure is intact, with indicators showing an ongoing buildup of energy across higher timeframes.
Ethereum current positioning shows a convergence of technical strength, with volume, momentum, and long term trendlines all pointing toward decisive price action.
