Ethereum Prices may double It is approaching a critical turning point, according to a new technical analysis comparing ETH’s current structure with previous market cycles. The pattern that formed before the parabolic trend of 2017 and again before the 2020 breakout is now reappearing in 2026, and the long-term chart The structure appears It could be the beginning of a phase that pushes its price to $8,000.
A cycle that has happened twice before
Ethereum has spent the last few months doing what most markets chose to do Ignore: construction. The leading altcoin has it by far Poor performance compared to Bitcoin, But the weekly chart brings together the same structural sequence that preceded two of the biggest rises in price history.
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Technical analysis shows that ETH followed a distinct four-phase sequence in the previous two sessions: a long downtrend, a compression phase and low volatility, a breakout from the compression zone, and a vertical rally. In 2017, that cycle produced gains of about 17.581%. The 2020 repeat, which started from a similar squeeze structure, produced a rally of about 4,348% during the peak of the 2021 uptrend.
The diagram now displays a third instance of this structure. ETH bottomed around $1,800 in February 2026, a low that briefly dipped below support before a recovery brought the price back above the structure.
This sequence of imaginary collapse followed by a quick recovery and formation of a higher low is exactly the type of price behavior that preceded the previous two cycles. The current pressure is tougher than those before it, with buyers defending support at $2,200 and sellers defending Stopping highs around $2400, Create a pressure buildup that should end in the assembly.
Ethereum price chart. Source: @BladeDefi on X
Ethereum hack is coming
The most interesting part about this setup is the difference Between feeling and structure. Right now, sentiment is that ETH is weak. Ethereum has underperformed Bitcoin, especially during periods when it struggled to maintain momentum above the $2,000 area. However, if the squeeze resolves in 2026 in the same way as it did in 2017 and 2020, the expectation is that the expansion phase will produce a materially lower percentage of those previous cycles but still large enough to hold ETH well into the five-figure range.
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Ethereum is expected to break out of its sub-$2,400 range, continue this trend to break out of higher time frame resistance around $4,900, and then reach new price highs. This would take the price of Ethereum to at least $8,000, representing a gain of approximately 264% from the current trading range near $2,200.
On the other hand, Many market experts predict Ethereum price rises above $10,000. The main catalysts contained for such a rally Glamsterdam upgrade includes, Which could double the expected throughput of Ethereum’s first layer Passing the Clarity Law.
Featured image created with Dall.E, chart from Tradingview.com
