After a recent correction, Ethereum is holding steady above a crucial long-term support zone. Analysts highlight two distinct chart patterns suggesting the possibility of an Ethereum recovery phase. However, for a clear uptrend to materialize, experts stress that ETH must first overcome several important resistance levels.
Long-term support and price targets
Ethereum has maintained an overall upward trajectory for a considerable period. Chart analysis shared by crypto analyst Crypto Patel suggests that Ethereum could be poised for substantially higher price targets in the years ahead. Looking at the ETH/USDT pair on Binance’s biweekly chart, the price recently dipped to around $2,300. While Ethereum previously faced resistance between $3,500 and $4,800, current accumulation is concentrated in the $1,700 to $2,250 range, with liquidity flowing into this lower band.
Since 2022, Ethereum has repeatedly tested these lower regions. The same area has acted as a significant support zone throughout the bear market. The first major resistance sits at $2,480, while a broader resistance range extends from $3,500 to $4,900. This upper zone includes Ethereum’s previous all-time high at $4,876. Despite several attempts, ETH has not managed to break through this level so far.
According to the chart, Ethereum has been moving within a long-term ascending channel that began at the 2018 lows and could extend as far as 2030. Based on this structure, the first significant price target stands at $15,385, with an ultimate target of $60,000. While these targets indicate impressive profit potential, analysts underline that Ethereum must first maintain its accumulation range, reclaim the $2,480 threshold, and then break above the $3,500 to $4,900 region before any strong rally can be confirmed.
The chart notes that Ethereum has not yet made a decisive breakout from its long-term support area, and that confirmation awaits if the price can flip its former peak zone into new support.
Rally signals and historical price patterns
Ethereum’s three-day chart reveals a recurring pattern of deep declines followed by prolonged recovery phases, which often lead into strong rallies. In a chart shared by James Easton, each major long-term low is marked with a white dot—these typically appear after sharp pullbacks and tend to precede periods of notable price increases.
The latest white dot appears around the year 2026 on the chart and may suggest efforts to establish a new bottom. Blue segments represent past periods where Ethereum rebounded after a major drop, eventually gaining momentum for a powerful rally. Historically, each rebound phase has started with price recovery to higher levels, but momentum later tended to slow down.
Nonetheless, analysts caution that there is no clear signal yet indicating an imminent new rally. They emphasize that Ethereum will need to set higher lows and surpass immediate resistance levels before the next upward phase can officially begin.
At present, it appears Ethereum may be entering a potential recovery stage. If historical patterns repeat and resistance barriers are cleared, the recent downturn could set the stage for a new, major rally in the market.
