Matrixport: Ethereum price may face a directional choice in 2026

Matrixport released an analysis stating that after Ethereum's price retreated from its 2021 high, it entered a prolonged period of consolidation, generally moving within a large triangular consolidation range. During this period, there were two attempts to break out of the range, both of which were unsuccessful. Currently, the triangular pattern is clearly converging, the price movement range continues to narrow, and the structure is nearing its end. The analysis points out that 2026 may become an important time window for Ethereum to complete its directional choice.