Ethereum fell to $2,093 after losing 11.69% over the past two weeks, and it briefly slipped to $2,006, putting price action close to a technical area that analysts are watching closely. In a two-week chart review, Crypto Patel described the $1,600 to $2,000 range as Ethereum’s main accumulation zone, a region he sees as relevant for medium- and long-term positioning as long as the broader price structure remains intact.
The $1,600-$2,000 band is now the main focus
Patel’s chart marks this area as the primary zone where long-term buyers may start building exposure. In technical analysis, an accumulation zone is usually a horizontal region where buying interest develops before a larger move. If Ethereum fails to hold this band, the next support highlighted in his analysis sits much lower, at $850 to $1,000, which he identifies as a stronger rebound zone.
Lower edge of the long-term channel is under scrutiny
Patel also points to Ethereum’s long-running upward channel. Price is now approaching the lower boundary of that structure, a level many chart watchers treat as a possible launch point for the next major move. In his scenario, a recovery from the current accumulation area could place the first major resistance target at $10,000, with longer-term targets extending to $25,000 and $50,000. Those targets depend on the current channel holding and on Ethereum clearing higher resistance levels over time.
Jordan watches $1,400 and the broader downside range
Investor Jordan uses a weekly chart and focuses on Ethereum’s multi-cycle logarithmic trend band, which acted as long-term support in earlier cycles. The key level in that framework is $1,400. Jordan said Ethereum may move closer to that area and could see a strong reaction there. He also said the asset may fall into the $1,000 to $1,500 range within the year, while stopping short of calling that zone a final bottom.
Taken together, the chart-based views put immediate attention on whether Ethereum can stay above $1,600 to $2,000. Below that, $1,400 and then $1,000 to $1,500 become the next major areas to watch. If the current channel remains valid, the higher long-term targets stay on the table; if support fails, ETH could revisit lower zones before any larger recovery attempt develops.