Ethereum is displaying a textbook expanding diagonal price pattern that technical analysts compare to the Dow Jones Industrial Average’s historic 1980 bull run structure. This formation signals potential for a surge toward $8,000 by early 2026 according to market observers, positioning Ethereum for significant upward momentum.
Analyst Gert van Lagen notes Ethereum’s current price action mirrors the Dow Jones’ 1980 hourly chart, which formed an expanding diagonal before reaching a major peak. Concurrently, Elliott Wave theory indicates Ethereum is undergoing its final surge phase characterized by heightened volatility and intense buying pressure as the pattern matures.
Supporting this outlook, Ethereum has developed an ascending triangle pattern fueling short-term bullish momentum. A confirmed breakout from this structure could trigger an 80% price increase toward $7,150, providing stepping stones toward the longer-term target.
Macroeconomic tailwinds including anticipated Federal Reserve rate cuts and growing institutional adoption—particularly through forthcoming spot Ether ETFs—further strengthen Ethereum’s bullish fundamentals. Optimistic scenarios suggest prices could even challenge $10,000 levels during this cycle should key technical and fundamental conditions align.