Many people initially started exploring cryptocurrencies when they saw Ethereum's significant rise. At that time, concepts like smart contracts and programmable finance were everywhere, and in 2021, many industry insiders even set a price target of $10,000. However, the subsequent trend was somewhat awkward—just as a substantial rally was expected, instead, it fell into a massive triangle consolidation zone, where it remained for years.

Over the years, the triangle itself hasn't been completely uneventful. The market has tested its limits twice: once breaking below support, and another time breaking above resistance, but both times it was quickly pushed back to the original level. The only takeaway was two false alarms.

Now, the situation has become a bit different. As the triangle's range narrows and the trading space gradually compresses, a genuine directional breakout seems increasingly imminent. From a time cycle perspective, 2026 is very likely to be that critical point.

In other words, what might the coming year mean for Ethereum? The long-term structure built over many years is finally reaching a decision—whether to continue upward or to take a different path. The answer may be revealed within this year.