ETH forms bullish triangles across USD, BTC, and dominance charts, with $2,700 and 0.026 BTC as key breakout levels to watch.
Market cap dominance mirrors ETH's ascending triangle, signaling strong capital buildup beneath breakout resistance.
ETH’s current structure closely resembles its 2018–2021 cycle, with $3,100 marked as a key breakout zone toward new highs.
Ethereum is showing signs of an imminent breakout, with price action compressing across USD, BTC, and market dominance. A series of converging technical patterns now point toward a potential shift in volatility and direction.
Triangular Formations Signal Constrained Momentum
Ethereum’s daily chart reveals an ascending triangle forming just below the key $2,700 resistance level. Price has consistently tested this resistance while maintaining higher lows near $2,200. This setup suggests increasing pressure beneath a fixed ceiling, with the current ETH price hovering around $2,473.
Source: Merlijn The Trader
As in the post above, bullish analyst Merlijn The Trader has presented a detailed analysis across three charts. According to Merlijn, Ethereum is consolidating within defined triangular structures on its USD pair, BTC ratio, and market cap dominance. The ETH chart displays rising support converging with horizontal resistance at $2,700. This ascending triangle, he noted, often precedes breakout moves when accompanied by steady volume increases.
The ETH/BTC graph shows a symmetrical triangle, price being sandwiched between descending resistance at 0.02600 BTC and ascending support at 0.02100 BTC. Ethereum is at 0.02379 BTC, showing diminishing volatility and indecision. Merlijn points out that lower highs and higher lows signify a momentum build-up waiting to break at any time.
Meanwhile, Ethereum’s market cap dominance shows a clear ascending triangle from 7.60% to 9.90%. Current dominance sits above 9.20%, just beneath the resistance line. More intriguing is the fact that this pattern mirrors the ETH setup, reinforcing the notion of capital concentration and accumulation beneath breakout zones.
Second Perspective: Macro Structure Hints at Cycle Repetition
In another post, Merlijn The Trader has provided insights comparing Ethereum’s 2022–2025 pattern to its 2018–2021 breakout phase. He highlights a long-term ascending trendline supporting Ethereum since 2020. The price recently bounced near this trendline and now re-enters a higher trading zone around $2,400.
Source: Merlijn The Trader
Beyond this, it’s important to recognize that the current structure closely mirrors the previous accumulation zone before the 2021 rally. According to Merlijn, this resemblance is not coincidental. He marks the breakout zone at $3,100, suggesting that a successful breach could open momentum toward new all-time highs.
Market observers on X echo this view, noting ETH’s resilience and rising on-chain activity. Ethereum must first hold support near $2,800 and then clear resistance levels to validate a macro breakout. Until then, all eyes remain on key levels as pressure mounts beneath the surface.
