Ethereum’s price has been moving sideways for an unusually long time, testing the patience of many long-term bullish investors. While it did reach a new all-time high in 2025, this extended period of consolidation has lasted for many months.
An interesting technical analysis shared by Egrag Crypto on X uses an inverted monthly chart to show how Ethereum’s current price action aligns with past patterns. This perspective suggests that what appears to be stagnation may be about to give way to new price highs.
A Repeating Cycle with Evolving Behavior
The analysis uses an inverted monthly chart, which flips the conventional view of price movement. This view reveals a consistent pattern in Ethereum’s market structure that has evolved over multiple cycles.
Historically, earlier cycles featured brief accumulation phases followed by sharp, aggressive moves. As the market has matured, these accumulation periods have lengthened, and the subsequent price movements have become less volatile and more controlled.
For example, in 2016, Ethereum traded in a range for about 10 months before breaking out into a sharp decline. A similar, but longer, consolidation occurred from mid-2018 to mid-2020, preceding a more gradual and softer decline.
The current cycle is showing a much longer accumulation phase. According to Egrag Crypto, this suggests that the eventual “drop” on the inverted chart should be correspondingly shorter.
A “Drop” That Signals a Breakout
The key to this analysis is that the chart is inverted. What appears as a downward move on this chart actually represents an upward breakout on the standard price chart.
Based on previous patterns, once Ethereum breaks out of its current range, the next move is likely to be swift. While it may not be as explosive as earlier bull runs, it is expected to be more orderly and sustained, ultimately pushing Ethereum to new highs.
Translating this structure back to standard price terms, Egrag Crypto identifies the $3,800 to $4,500 zone as the first critical resistance area. A decisive break above this range would be needed to confirm a bullish continuation, with the $6,000 to $7,500 zone then becoming a realistic target.
The analysis also outlines a risk scenario. A pullback to the $1,800 to $2,200 region would delay the breakout, potentially acting as a final shakeout before a sustained rally. However, as long as Ethereum maintains its broader consolidation structure, such a retest would not invalidate the overall bullish thesis.
At the time of writing, Ethereum is trading at $3,100.
Frequently Asked Questions
FAQs Ethereums Chart Pattern Potential Price Shift
Beginner Questions
What is a chart pattern in cryptocurrency trading
A chart pattern is a recognizable shape or formation on a price graph that traders use to try to predict future price movements based on past trends
What does unusual chart pattern mean for Ethereum
It means the current shape of Ethereums price chart is showing a formation that doesnt happen often which some analysts believe could indicate a major price move is coming
What is an alltime high
An alltime high is the highest price an asset like Ethereum has ever reached since it began trading
Could Ethereum really reach a new alltime high
While past performance doesnt guarantee future results some technical analysts believe the current chart setup is similar to patterns that preceded major rallies in the past However its a prediction not a certainty
Im new to this Should I invest based on a chart pattern
No Chart patterns are just one tool and are highly speculative Never invest based solely on a chart Always do your own research understand the risks of cryptocurrency and only invest what you can afford to lose
Intermediate Analysis Questions
What specific chart pattern are people talking about with Ethereum
Analysts often mention patterns like a bull flag cup and handle or symmetrical triangle during consolidation periods The unusual aspect might refer to the patterns duration depth or how clearly its forming compared to history
How reliable are chart patterns for predicting price
They are not perfectly reliable They indicate a potential outcome based on historical probability and market psychology Many other factors can override a pattern
Whats the difference between a breakout and a fakeout
A breakout is when the price moves decisively above a key resistance level confirming the patterns prediction A fakeout is a brief move beyond that level that quickly reverses trapping traders who acted too early
Besides the chart what else could drive Ethereum to a new ATH
Key factors include the approval of more Ethereum ETFs major upgrades to the network a surge in decentralized