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ETH Ethereum is approaching a critical triangular breakthrough with the goal of $4900.
Ethereum is currently firmly above the important 0.618 Fibonacci support level and is consolidating within a multi-year triangular shape, approaching a decisive technical moment. Analysts pointed out that prices are compressed between a long-term rising support line and a downward resistance line, a pattern that has limited Ethereum's price movement since it previously hit record highs.
A breakthrough is imminent, and Ethereum faces key resistance.
Ethereum's price has gained support at the steadily rising trend line many times, and each rebound has been blocked after the high point continues to move downward, forming a gradually narrowing triangular shape. This form of technology suggests that cryptocurrency is approaching a critical juncture that may determine its next major direction.
The current downward resistance line is the primary challenge facing bulls. For any bullish reversal scenario to be effective, Ethereum must decisively close above this resistance line and hold that level in subsequent backsteps to confirm a breakthrough.
If this breakthrough is achieved, the first important price target will be the previous all-time high of about $4900. Breaking through this barrier will allow Ethereum to re-enter price discovery mode and focus on ambitious goals of $8300 or even $10000.
However, the integrity of the supporting trend line is also crucial. If Ethereum falls below this trend line for a long time, the triangular breakthrough argument will be rejected, increasing the possibility of a deep correction before a potential rebound attempt.
Ethereum's technical trend now depends on whether it can clear the long-term downward resistance line. If prices convincingly break this level, cryptocurrencies are expected to retest previous highs and pursue new goals, but if they fail, they face further downside risks.
Key Prices and Market Background
Ethereum is currently retesting the 0.618 Fibonacci support level of approximately US$1843. The level had previously marked a turning point in a major rally that began after Ethereum fell to $1379 in May 2025 and then rebounded to a high of nearly $4865.
In the latest trend, Ethereum fell to about US$1510 before bouncing back above the key Fibonacci area. Continuing above $1843 is considered the first step towards confirming another round of long-term recovery. To rise further, Ethereum needs to break through moving average resistance between $2400 and $2900 to lay the foundation for a clearer bullish structure.
A decisive breakthrough could bring market focus back to the $4865 level, followed by a Fibonacci expansion target of approximately $6089. In the longer term, forecasts suggest that the next important target may be around $9145.
Despite favorable comparisons with previous cycles, analysts point out that historical patterns do not guarantee future results. If Ethereum's weekly closing price falls below $1510, confidence in the supporting structure will weaken, increasing the possibility of further continuation of the current correction.
Contrast with the May 2025 rebound helps guide expectations, but current price movements remain sensitive to key support and resistance levels that will determine Ethereum's trajectory in the coming weeks.
