Ethereum is trading near a critical long-term support area, with two technical analysts presenting divergent views on the cryptocurrency's near-term price action. Crypto Patel identifies an accumulation zone between $1,600 and $2,000, while Investor Jordan points to a potential retest of the lower logarithmic trend line near $1,400. ETH recently dropped 11.69% in its latest two-week candle and is now trading near $2,093, placing it close to key support structures that have historically guided price action across multiple market cycles.
Ethereum Accumulation Zone: $1,600–$2,000 Range Marks Buyer Entry Point
Ethereum is trading near the lower part of a long-term rising channel on the two-week chart, according to analysis shared by Crypto Patel. The price touched a low near $2,006, placing Ethereum close to a marked accumulation area.
The main accumulation zone sits around the $1,600 to $2,000 range, where buyers may look for long-term entries if ETH continues to hold the structure. A lower support band marks strong support near the $850 to $1,000 range, working as a deeper support level below the current accumulation zone.
The broader setup 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 shows projected recovery targets from the accumulation zone. The first major upside level sits near $10,000, with higher targets marked at $25,000 and $50,000. These targets are contingent on ETH holding the lower channel support and building momentum from the current range.
Logarithmic Regression Band: $1,400 Support Level on Weekly Chart
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 regression area, with each marked zone showing ETH reacting from the band before larger moves followed.
The latest setup points to the lower side of that same structure. Investor Jordan identified the lower logarithmic regression trend line around $1,400 as the next major support level to watch. The chart also shows a horizontal level near that area, which reinforces the zone's importance.
Jordan noted that he agrees ETH could see the $1,000 to $1,500 range this year. The chart shows a possible retest of a long-term support band that has mattered in previous ETH cycles.
