Ethereum is trading at $2,112, still below both the MA50 and MA200. That keeps the broader chart under pressure after the sharp drop seen earlier in the year. Analyst Crypto Patel has identified the $2,000 to $1,400 area as Ethereum’s main long-term demand zone, arguing that the current setup may represent a longer accumulation range.
$2,000 to $1,400 framed as the core accumulation area
Patel said major Ethereum rallies in prior cycles began from similar structures. In his view, the next major breakout trigger sits near $4,700. He also mapped upside targets at $10,000, $15,000, and $20,000 if that level is reclaimed. Patel added that institutional traders often build positions during quieter consolidation phases rather than chasing fast upward moves.
Santiment tracks the drop, heavy turnover, and current range levels
According to Santiment, ETH traded roughly between $2,850 and $3,350 from late November 2025 to mid-January 2026 before falling sharply toward $2,000 in February. During that decline, trading volume exceeded about $70 billion, and the platform also recorded a bearish crossover between the MA50 and MA200.
From February through April, Ethereum consolidated between $2,000 and $2,450. Santiment said bearish pressure gradually eased during that stretch as the MA50 flattened. In April, ETH briefly tested resistance around $2,400 to $2,450 before losing momentum again. The platform now places immediate support at $2,000 to $2,050, with resistance near $2,260 and $2,420. A recovery above the MA200 would improve the case for a medium-term rebound attempt.
Buterin details a narrower mission for the Ethereum Foundation
At the same time, Vitalik Buterin discussed changes inside the Ethereum Foundation. He said the foundation will narrow its focus to censorship resistance, openness, privacy, and security. He also stated that the EF plans to prioritize longevity over broader spending initiatives, while his own influence inside the organization will continue to decrease.
Buterin said the Ethereum Foundation holds about 0.16% of the total ETH supply, equal to around 193,000 ETH valued near $404 million. He compared that structure with other blockchain foundations that reportedly hold between 10% and 50% of supply.