Over nearly a decade of price action, ETH has repeatedly respected both boundaries, with bounces within the narrowing range. This has led to the formation of a golden triangle, which is a macro structure with a better possibility of resolving to the upside.
While the Golden Triangle analysis looked at the macro context, analyst Crypto Feras has identified a more immediate target that could cement the first significant milestone of any sustained recovery.
This consistency has led to the same creation of a higher low compared to the 2025 bottom that respects a rising support line. This rising diagonal support line, visible in the chart below, connects the lows of 2022, 2023, and 2025, and each of those cycle bottoms preceded substantial rallies.
The 2022 low produced a 91.72% recovery, the 2023 low was followed by a 167.79% rally, and the 2025 low was followed by a 223% rally.
The current 2026 low, printed in February around $1,800, appears to be setting up along the same structural sequence, with the projected path on the chart showing ETH targeting $2,800 as the first recovery level and then an extension to $3,393.
Featured image from Unsplash, chart from TradingView
