- Chainlink trades inside a wide weekly pattern that shows a clean path toward a projected 235 percent rise.
- Ethereum’s chart shows how a similar long pattern produced a powerful breakout that reached a 466 percent gain.
- Both charts reveal how long compression phases can spark major moves once price escapes the tightening range.
Chainlink’s weekly chart shows a broad structure that formed over several years. The pattern uses two converging trendlines that connect a sequence of higher lows and lower highs. Price currently trades near the midpoint of this formation at around $13.
The structure stretches back to 2018 and captures a complete market cycle. Chainlink reached a peak above $50 before moving into a long consolidation period. The lower trendline remains intact with each retest forming a clean reaction.
The right side of the pattern shows reduced volatility as the range tightens. A projected move of roughly 235% from the breakout point appears on the chart. That target aligns with levels above $45 if the structure plays out. The projection uses the height of the formation measured from the widest portion of the pattern.
Chainlink continues to move between support and resistance within the triangle. Traders are watching the narrowing range because past breakouts from large weekly formations have delivered strong directional moves.
Ethereum Displays A Similar Setup
Ethereum’s weekly chart mirrors Chainlink’s structure in several ways. A wide pattern formed through a clear series of higher lows and lower highs. The formation spans several years and shows a strong base near the lower trendline.
Ethereum completed a breakout from this structure in the previous cycle. The projected zone on the chart shows a rally of more than 466% from the breakout level. That move carried price toward the $4,400 region before sellers returned.
The chart also shows how Ethereum respected the lower trendline throughout the pattern. The long structure acted as a launch zone for the following advance. Many analysts note how the breakout candle on the weekly chart closed above the pattern with strong momentum.
Ethereum now trades below its prior peak, yet the chart highlights how powerful the earlier breakout was. This comparison raises a question for traders: does the Chainlink pattern carry similar breakout potential?
Comparative Behavior Across Both Charts
Both assets showed extended compression phases before their expansions. The charts demonstrate how long consolidations can lead to large percentage moves once price escapes the pattern. Chainlink now sits where Ethereum once stood before its breakout.
The two formations share similar lengths, slopes, and compression behavior. The green trendlines on both charts show consistent reactions along support. The projected boxes above the patterns also use a matching measurement approach.
As Chainlink continues to drift inside its formation, the chart comparison offers a clear reference. Ethereum’s historical breakout showcases how long-term structures can unfold when supply thins and demand builds. Chainlink remains inside its own structure for now, and traders are watching each weekly candle with interest.
