Ethereum Price Pattern Suggests Sharp Upside Move Ahead

Ethereum's price action in the weekly timeframe has been mirroring a technical structure that marked the 2025 cycle low in April. This formation came after a multi-week consolidation with a retest of an ascending trend line, which supported the price since the 2022 bear market low.

The current price is bouncing off the same structural support line seen last year, and if history repeats itself, ETH could see a sharp rise hitting new all-time highs in 2026. On-chain indicators such as MVRV positioning at multi-year lows and a concentrated cost-basis support zone also suggest that Ethereum is fundamentally undervalued.

Network activity is also backing the altcoin's upside, with rising on-chain transaction volume and active address counts despite the price decline. Staking metrics have also reached a record high, with 37.9 million ETH now staked, which could create a potential supply shock.