Ethereum is holding a long term support area as two charts point to a possible recovery phase after its latest correction. However, ETH still needs to reclaim major resistance levels before the bullish roadmap toward higher targets gains stronger confirmation. Ethereum Chart Maps Long Road to $60,000 as Price Holds Accumulation Zone Ethereum is trading near the lower part of a long term upward structure, while a chart shared by Crypto Patel points to a possible move toward much higher targets over the coming years. The ETHUSDT 2 week Binance chart shows Ethereum near $2,300 after pulling back from the $3,500 to $4,800 resistance region. The chart marks the $1,700 to $2,250 area as a liquidity grab and accumulation zone. ETHUSDT 2W Binance: Source: Crypto Patel on X Ethereum has tested this lower zone several times since 2022. The chart also shows prior rebounds from the same broad area, which Crypto Patel labels as bear market support. The first major resistance sits near $2,480, followed by the wider $3,500 to $4,900 band. That upper band includes the previous all time high area near $4,876. A clean move above that region would be important because Ethereum has failed near that range several times. The chart also includes a long term rising channel that stretches from the 2018 low into 2030. Based on that structure, the first upside target sits near $15,385, marked as Tom Lee’s target. The higher target stands near $60,000, labeled as the BitMine target. Those targets imply large long term gains from current levels, but the chart does not confirm that move yet. Ethereum would first need to hold the accumulation zone, reclaim the mid range near $2,480, and then break through the $3,500 to $4,900 resistance area. For now, the chart shows Ethereum in a long term support zone, not in a confirmed breakout. The bullish case depends on ETH defending the lower range and turning the old all time high region into support. Ethereum Chart Shows Another Possible Base Before a New Rally Phase Ethereum’s 3 day chart shows a repeated market pattern where major rallies followed deep pullbacks and long recovery phases. The chart shared by James Easton marks several key lows with white dots. Each low came after a broad decline, followed by a recovery period and then a stronger upside move. The latest white dot appears near the 2026 low, suggesting ETH may be trying to build another base. ETHUSD 3D Chart. Source: James Easton on X The blue sections on the chart represent stronger rally phases. Previous blue phases came after price stabilized from large drawdowns. These moves then carried Ethereum into higher ranges before momentum cooled again. However, the chart does not confirm a new rally by itself. ETH still needs to build higher lows and reclaim nearby resistance areas before the next blue phase becomes clear. For now, the setup shows Ethereum moving through a possible recovery stage. If the pattern continues, the chart suggests ETH could be preparing for another larger rally cycle after its latest correction.
