Ethereum is starting 2026 on a constructive note, with buyers clearly regaining initiative after the consolidation phase that dominated the end of last year. The first trading days of the new year brought higher prices, confirming that demand is stepping back into the market. Importantly, this upswing is not random – it is happening within a well-defined technical structure, which makes the current situation particularly interesting from a trading perspective.
From a technical point of view, Ethereum is trading inside a symmetric triangle pattern, marked with green lines. This formation reflects a period of balance between buyers and sellers, with volatility contracting and price swings becoming narrower. Such patterns do not last forever. The closer price moves toward the apex of the triangle, the higher the probability of a decisive breakout. At the moment, Ethereum is pressing against the upper boundary of the triangle, suggesting that bullish pressure is building.
The key level to watch now is very clear. A daily close above the upper green trendline would confirm a bullish breakout and deliver a proper signal to go long. This scenario aligns well with the broader market context, as sentiment around cryptocurrencies is improving, risk appetite is returning, and buyers appear more confident at the start of the year. Until the breakout happens, patience is still required, but the base scenario remains bullish, with odds favoring an upside resolution rather than a breakdown.