Matrixport: Ethereum's "triangle" pattern is approaching a critical point, with a directional confirmation possibly coming in 2026
ChainCatcher news, Matrixport released today’s chart stating that in the previous cycle, Ethereum attracted incremental capital inflows driven by expectations of smart contract platform ecosystem expansion and the narrative of “programmable money,” which propelled prices to rise rapidly in 2020-2021. At the sentiment peak in 2021, the market once anticipated a price target of $10,000. However, the trend failed to continue upward afterward.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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