A crypto analyst has spotted a Golden Triangle, a rare pattern that has been forming on Ethereum’s (ETH) chart for nearly nine years. According to the analyst, Ethereum’s price has stayed inside this triangle during both bull and bear markets. But now, he says the cryptocurrency is nearing the triangle’s apex, which suggests a breakout is coming—either up or down. Based on which way it breaks, the analyst has predicted ETH’s next move and possible price target.
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Ethereum Golden Triangle Could Trigger A Surge To $10,000
A market analyst known as ‘Merlijn The Trader’ on X has shared a new Ethereum price analysis, covering both bullish and bearish possibilities. In a post on April 24, Merlijn said Ethereum is currently trading inside a Golden Triangle pattern that has held its shape since 2017, two years after the cryptocurrency launched in 2015.
According to the analyst, this pattern has survived several major events that caused big price swings over the years. He pointed to the 2020 COVID crisis, when most cryptocurrencies dropped sharply, including ETH, which also fell heavily. Even so, he noted that Ethereum stayed within the Golden Triangle.
The same pattern held during the 2022 bear market, which followed ETH’s explosive rise to an all-time high above $4,800 in 2021. He added that even after hitting a peak in 2026 and going through another major correction, Ethereum remained inside the triangle without breaking its structure.
Because the pattern has held firm through all these ups and downs, Merlijn believes ETH could now be close to a decisive breakout from this nine-year formation. Looking at his chart, he noted that ETH is moving closer to the apex, or highest point, of its Golden Triangle, where a breakout often happens.
Once the price reaches this apex, two outcomes are possible: Ethereum could break upward or drop lower through the bottom of the pattern.
In his bullish scenario, Merlijn thinks an upside breakout could push ETH above $4,350 and drive its price toward a measured target of around $10,000. Given how long the triangle has held, he expects Ethereum to keep trending higher, with occasional pullbacks, until eventually reaching an ambitious peak above $56,000. He set this longer-term price target for 2028, suggesting the rally could stretch over the next two years.
ETH Bear Case If Price Breaks Below Triangle
For his bearish scenario, Merlijn The Trader noted that if Ethereum goes the other way and breaks below the triangle, that move could trigger a decline toward $1,950. Right now, Ethereum is trading above $2,300, following its latest rally that saw it surge over 36%.
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If the cryptocurrency drops to $1,950, that would be a decline of more than 15% from current prices. Still, despite outlining this downside risk, Merlijn remains confident that an upside breakout is the more likely outcome.
Featured image from Unsplash, chart from TradingView
Frequently Asked Questions
Here is a list of FAQs about The Ethereum Golden Triangle based on the claim that it has accurately predicted every price move and is now showing where ETH is heading next
BeginnerLevel Questions
Q What exactly is The Ethereum Golden Triangle
A Its a technical analysis pattern or indicator specifically for Ethereum that combines three key data points to form a triangle on a chart Proponents claim this triangle has a perfect track record of predicting Ethereums price direction
Q How can a pattern predict every price move perfectly That sounds too good to be true
A Youre right to be skeptical In finance no indicator is 100 accurate The claim likely refers to a specific backtested period or a very specific definition of price move Its a bold marketing claim not a guarantee
Q Is the Golden Triangle telling us where ETH is going next
A According to the theory yes The current triangle formation is allegedly pointing toward a specific price target or direction You would need to look at the latest chart analysis from the creator to see the exact prediction
Q Do I need special software to see this triangle
A Possibly While you could draw it manually on a standard chart the Golden Triangle often uses proprietary calculations or specific indicator overlays that may not be available in basic charting tools
AdvancedLevel Questions
Q What are the three sides of the Golden Triangle Is it based on Fibonacci Gann or something else
A The exact formula is often kept secret by the creator but it typically involves a confluence of three key technical tools a trendline a momentum oscillator and a volume profile or time cycle Its not pure Fibonacci or Gann but it may incorporate elements of both
Q If it predicted every move why hasnt the creator become a billionaire or published this in a peerreviewed journal