A cryptocurrency analyst who shares technical analysis with viewers on X has published a zoomed-out Ethereum weekly chart that interprets the current price slump as the final stage of a multi-year accumulation cycle. At present, Ethereum price is being traded It is about $2,100, 57% below its peak. Therefore, technical analysis suggests that the cryptocurrency is in an accumulation zone. Setting price fluctuations Up to $20,000.
Accumulation blueprint unfolds on ETH weekly chart
Weekly ETH/USDT chart posted by Crypto Patel on X shows a structured price pattern This chart identifies a sell climax (SC) in early 2024, followed by an automatic rally to resistance (AR) within two months, followed by a secondary test of sell climax (ST) in mid-2024.
these are all Wyckoff blueprint terminology, And this created a series of price events that established the boundaries of the current trading range. At the high end of that range there is horizontal resistance near $4,700 and support 1 at $1,549. represents the bottom.
There are also two notable downside wicks, labeled Spring 1 and Spring 2, both located around Support Spring 1. Spring 1 occurred in mid-2025, when Ethereum price fell below support 1 for a very short period of time before recovering and pushing back to a new record high just above the resistance line.
However, since then, Ethereum price has been trending lower and the current price trend is labeled as Spring 2 just above Support 1. If Support 1 breaks, the next zone to buy will be Support 2 ($1,065). Located within the expected decline period to support 2, Crypto Patel identifies the $1,800 to $1,400 range as the best buying and accumulation zone.
Ethereum price chart. Source: @CryptoPatel On X
Price rises to $20,000
ETH Accumulation Map predicts that the price will rise to $20,000 after Ethereum breaks out of the accumulation zone. However, this rally is dependent on a major resistance/breakout level near $4,700.
Krypto Patel’s projected targets ($10,000, $15,000, $20,000) are plotted on the chart as a gradual upward trajectory extending from late 2027 to 2028. The expected bull run points to a rally from the current accumulation zone to $4,700, a drop below $4,000 to solidify the breakout, and a parabolic extension. It reached a high of $10,000, then rose further to $15,000 and $20,000.
Ethereum’s target price of $20,000 equates to approximately $20,000. 10x return from current price, It is trading at $2,135, up 4.8% in the past 24 hours.
Featured image from Getty Images, chart from Tradingview.com
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