Ethereum’s price action has a moving sideways for an unusually long timeand has this behavior tested the patience of many long-term bullish investors. If we talk about a sideways move, this move has been dragging on for many months, although Ethereum did manage to hit a new all-time high in 2025.
Interestingly, a technical analysis shared by Egrag Crypto on This offers perspective on what looks like stagnation is about to reach new price heights.
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A repeating cycle with changing behavior
The analysis reads based on a reverse monthly Ethereum chart, which provides an interesting perspective that inverts conventional interpretations of price movements. Ethereum’s inverse monthly chart shows a consistent pattern that changes over time in the market structure over multiple cycles.
A look at the inverted chart shows that previous price cycles have been characterized by short accumulation phases followed by aggressive moves. As the market matured, these accumulation zones expanded and the resulting movements became less violent and more controlled.
The first case was in 2016, when Ethereum traded within a range for about ten months before breaking out and experiencing a violent decline. A similar structure occurred between mid-2018 and mid-2020, when a longer consolidation phase preceded a new decline that gradually occurred at a gentler pace.
However, the current cycle is plays along a much longer accumulation. Therefore, the final decline should be shorter, according to Egrag Crypto.
Inverted Ethereum Price Chart. Source: @egragcrypto on X
A drop here actually means an outbreak
The most important detail in this technical framework is that the graph is inverted. Which in this view actually seems like a downward movement indicates upward expansion the real Ethereum price chart.
According to the previous outcomes, the next step is likely to unfold quickly once Ethereum leaves this range. It may not match the explosive nature of early cycle rallies, but it is expected to be more orderly, sustainable and Taking Ethereum to new price heights.
When the structure is converted back to real price conditions, Egrag Crypto identifies the area from $3,800 to $4,500 as the first critical zone. This region represents initial resistance that must be cleared to confirm a bullish continuation. Only after a decisive move above this range would the $6,000 to $7,500 zone come into focus as a realistic upside target.
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The analysis also highlights a defined risk scenario. A retreat to the A region of $1,800 to $2,200 would delay the breakout and act as a final shakeout before a final launch. However, as long as Ethereum maintains its broader consolidation structure, such a retest would not invalidate the thesis. At the time of writing, Ethereum is trading at $3,100.
Featured image from Unsplash, chart from TradingView