Jan 13, 2026
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Ethereum Poised for $24,000 Breakout with Triangle Formation Completion
Ethereum's Potential Breakout
- Ethereum is approaching a critical phase that may lead to a long-term price increase.
- A TradingView analyst suggests Ethereum could break out significantly, potentially reaching prices above $24,000 if current formations resolve as expected.
Long-Term Structure
- Ethereum has maintained its upward trend since 2020, forming higher highs over time.
- Current consolidation is seen as stabilization within the $1,000 to $3,000 range, not as a failure.
- The $1,000 level acts as crucial support, maintaining bullish potential if held.
- The formation of an ascending triangle suggests strong continuation moves upon completion.
- Short-term bearish signals are part of the broader structure, not a breakdown.
- Support converges at the lower boundary with trendlines and moving averages preventing breakdowns.
Breakout Implications
- If Ethereum breaks above the triangle, a 300% move from current levels is projected, targeting prices above $24,000.
- This projection considers it a multi-year structural resolution rather than a short-term prediction.
- Institutional participation and stablecoin transfer volumes on the Ethereum network are increasing, supporting potential price expansion after a breakout.
- The outcome of the ongoing consolidation phase will determine if Ethereum can reach these targets.
