Ethereum Golden Triangle Survives As Structure Remains Unbroken, This Target Says $10,000 Is Coming
Summary
Ethereum’s 3-week chart is at the apex of a nine-year “golden triangle” formed by a long ascending support line and horizontal resistance near $4,800–$4,900. That support has survived the Covid crash, the 2022 bear market, and recent corrections, but the current test is critical. The key level is $1,950: a 3-week close above it would keep the structure intact and preserve the bullish case. If ETH can reclaim higher levels, $4,350 becomes the next important threshold, with a potential breakout target near $10,000. Multiple 3-week closes below $1,950 would break the long-term support, invalidate the triangle, and suggest the nine-year bullish structure has failed. ETH is currently trading below that level.
