BroadChain News, April 26, 14:06, according to NewsBTC, a crypto analyst known as "Merlijn The Trader" pointed out that Ethereum (ETH) has been trading within a "golden triangle" pattern since 2017. This pattern has remained intact through major events such as the 2020 COVID-19 market crash, the 2021 surge to an all-time high of $4,800, and the 2022 bear market. Currently, ETH's price is approaching the apex of this triangle, signaling an imminent directional breakout.
If it breaks upward, ETH could first rise to $4,350 and then target a measured move toward $10,000. In the long term, the analyst expects ETH to reach a peak above $56,000 by 2028. If it breaks downward, ETH could fall to $1,950, representing a decline of over 15% from its current price of around $2,300. The analyst believes an upward breakout is more likely.