Ethereum News Today: Ethereum's Price Pattern Suggests 80% Gain by 2026

Ethereum's price trajectory is currently mirroring the bullish structure of the Dow Jones Industrial Average from 1980, with technical patterns suggesting a potential "final surge" toward $8,000. Analyst Gert van Lagen has identified a striking resemblance between Ethereum's current price structure and the Dow Jones' bullish trend from 1980. This pattern, known as a "textbook expanding diagonal" or a broadening megaphone pattern, has historically provided strong support for Ethereum's major rallies since mid-2022, including a 245% rally from November 2022 to February 2024.

As of July 21, Ethereum is trading midway between the pattern’s upper and lower bounds, having rebounded from the lower trendline in March. This rebound suggests a potential run-up toward the upper trendline, which is near the $8,000 level, by early 2026. Van Lagen supports this thesis by comparing it to a similar setup in the Dow Jones hourly chart from 1980, which followed an expanding diagonal before peaking. He further aligns this pattern with Elliott Wave theory, which breaks bull markets into five psychological phases. Ethereum is currently in its fifth and "final surge" wave, or the blow-off top, which is typically the most volatile stage where momentum accelerates, price action becomes unpredictable, and late buyers rush in.

In addition to the expanding diagonal pattern, Ethereum's price technicals show that it has reclaimed the multiyear ascending trendline as support and is now consolidating within a textbook ascending triangle pattern. The triangle’s horizontal resistance zone between $3,900 and $4,150 is currently being tested. A breakout above this range could trigger a measured move toward $7,150, about 80% above the current levels, and closer to the megaphone pattern’s target. Macroeconomic tailwinds, including expected Fed rate cuts and ongoing Ether ETF inflows, may support Ethereum's rally and limit downside risk. Felix Xu of ZX Squared Capital suggests a $10,000 price case for Ether, while Consensys projects Ethereum’s base price to reach $4,900 by the end of 2025 and $15,800 by 2028, using a “cost-to-corrupt” model that links ETH’s value to the cost of attacking the network.