Ethereum (ETH) on April 18, 2026, surpassed the critical $2,385 resistance level, a move that confirms a breakout from a multi-week ascending triangle pattern and may put the asset on a path toward $2,900.
"ETH has officially cleared the apex of an ascending triangle pattern, surpassing the pivotal $2,385 resistance zone," crypto analyst Ali said in a report.
The ascending triangle is a bullish chart pattern formed by a rising lower trendline and a flat upper trendline. The breakout above the horizontal resistance at $2,385 suggests that buying pressure has overcome selling pressure, technically opening the door for a rally equivalent to the height of the triangle, pointing to the $2,900 level.
This technical breakout could trigger a significant rally for Ethereum and may increase overall market confidence in major altcoins. The move is particularly noteworthy as it comes during a period of consolidation for Bitcoin, suggesting a potential rotation of capital into Ethereum and other large-cap altcoins as traders seek to capitalize on the bullish momentum.
This article is for informational purposes only and does not constitute investment advice.
