At the beginning of 2026, Ethereum is stuck at a critical technical juncture.

ETH prices are fluctuating below $3000, and on the daily chart, it looks particularly "clogged"—a classic symmetrical triangle with two trendlines converging, like a countdown. What does this convergence pattern imply? Simply put, the market is brewing for a big move.

Currently, the price is hugging the upper band of the Bollinger Bands (around $2988), and the MACD forming a "golden cross" above the zero line suggests a bullish sentiment. The moving averages are tightly clustered, indicating a strange balance of bullish and bearish forces. The divergence below is quite significant—the market is betting on how Ethereum will move next.

**Indicators Are Fighting**

The RSI hovers around 44, slightly optimistic. But the stochastic indicator at 30 hints that downward momentum still has some room. Even more telling, the Bollinger Band width has shrunk to 21 points—its narrowest since October 2025. This indicates that volatility has been squeezed to the limit.

Looking back at history reveals the pattern: similar triangle breakouts often lead to significant volatility. In April 2025, Ethereum broke out at the triangle's end with a 60% surge. Then in August, it hit a new all-time high of $5000. Such wild swings are right in front of us, making it no wonder this position is called the "battlefield."

**Key Levels Are Right Here**

Resistance at $3050, overlapping with the 100-day moving average—this is a tough nut to crack. Support at $2900, aligned with the upward trendline from December lows. Who breaks through, who retests, will determine the next rhythm.

The pattern is about to reveal itself. Whether volume increases or not is the key.