Ethereum is sitting near a key long-term support area, while two charts point to the same major question: can $ETH hold the range before another cycle move starts? Crypto Patel highlights an accumulation zone between $1,600 and $2,000, while Investor Jordan says $ETH could still retest the lower logarithmic trend line near $1,400.
Ethereum Price Chart Shows Accumulation Zone as $ETH Holds Long Term Rising Channel
Ethereum is trading near the lower part of a long term rising channel on the two week chart shared by Crypto Patel.
The chart shows $ETH near $2,093, after dropping around 11.69% in the latest two week candle. The price also touched a low near $2,006, placing Ethereum close to the marked accumulation area.
Ethereum Accumulation Zone Chart. Source: Crypto Patel on X
The main green zone on the chart sits around the $1,600 to $2,000 area. Crypto Patel labels this range as the accumulation zone, where buyers may look for long term entries if $ETH continues to hold the structure.
A lower green band marks strong support near the $850 to $1,000 range. That area sits below the current accumulation zone and works as the deeper support level on the chart.
The broader setup still follows a rising blue channel that began after Ethereum’s early market cycles. $ETH is now trading near the lower side of that channel, which makes this area important for the next major move.
The chart also shows a projected recovery path from the accumulation zone. The first major upside level sits near $10,000. Above that, the chart marks higher targets at $25,000 and $50,000.
However, these targets depend on $ETH holding the lower channel support and building momentum from the current range. A clean move above previous resistance areas would be needed before the higher targets become stronger on the chart.
For now, the key levels are clear. Ethereum has an accumulation zone near $1,600 to $2,000, strong support near $850 to $1,000, and long term upside targets at $10,000, $25,000, and $50,000 if the rising channel remains intact.
Ethereum Chart Points to $1,400 Trend Line as $ETH Tests Long Term Support
Ethereum’s weekly chart shows price moving near a long term logarithmic regression band that has acted as support across several market cycles.
The chart shared by Investor Jordan marks several past touches of the lower green regression area. Each marked zone shows $ETH reacting from the band before larger moves followed.
Ethereum Logarithmic Regression Chart. Source: Investor Jordan on X
The latest setup points to the lower side of that same structure. Investor Jordan said $ETH is likely heading toward the lower logarithmic regression trend line around $1,400.
The chart also shows a horizontal level near that area, which makes the zone more important. If $ETH moves lower, the $1,400 region becomes the next major support level to watch on this setup.
Jordan also said he agrees $ETH could see the $1,000 to $1,500 range this year. However, he noted that many retail traders may expect to buy the exact bottom at the same time.
The main point of the chart is not a confirmed bottom. It shows a possible retest of a long term support band that has mattered in previous $ETH cycles.
