Ethereum has entered a defined accumulation phase between $1,800 and $1,400 while facing strong resistance at $4,700, according to a chart shared by analyst Crypto Patel. The analyst also outlined long-term price targets at $10,000, $15,000, and $20,000, based on the broader market structure shown in the chart. The analysis, posted on X, presents a zoomed-out view of Ethereum’s price action and identifies key zones that could shape future movement.
The chart identifies a green accumulation zone between $1,800 and $1,400. This range is described as the best area for accumulation based on historical price behavior. Price action within this band aligns with previous support reactions. The chart marks multiple instances where ETH found support near this region.
The analyst also highlights this area as a “best accumulation zone.” The structure shows repeated tests of support, which helped maintain price stability over time. The visual data also shows upward reactions after each support touch. These movements suggest consistent buying activity within the zone.
The chart marks $4,700 as a major resistance level. This level is above the current structure and aligns with previous price peaks. The resistance zone appears repeatedly across the chart timeline. Each rejection at this level created lower highs before consolidation phases.
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Furthermore, the analyst labels $4,700 as a breakout point. A move above this level would shift the structure into a higher range.
The chart also places circular markers at past resistance touches. These points show where the price struggled to break above this level.
The analysis outlines three key price targets: $10,000, $15,000, and $20,000. These targets sit well above the resistance level shown on the chart. The projected levels align with the broader trend structure. The chart shows a gradual upward trajectory following each consolidation phase.
Additionally, green vertical zones highlight potential future price expansion areas. These zones indicate where the price could move after breaking resistance. The chart extends the timeline into future years, showing projected growth zones. These projections rely on the continuation of the existing structure.
The visual framework connects accumulation, resistance, and expansion zones. Each section builds on the previous structure shown in the chart.
Ethereum’s chart-based outlook places the main accumulation zone between $1,800 and $1,400, while $4,700 stands as the key breakout barrier. Above this level, the analyst maps possible targets at $10,000, $15,000, and $20,000. The main takeaway is clear: Ethereum price direction may depend on how it reacts near resistance.