Patel placed his preferred ETH/USDT accumulation range between $1,550 and $1,000, noting that the bottom could be in this zone, but no one can accurately call the exact bottom. The chart attached to his outlook, which was posted on the social media platform X, shows Ethereum trading on top of a green accumulation zone above the $1,000 support area.
This range is the strong support, and any downside from the current price levels will be limited to $1,000. However, a break below $1,000, if it happens, will only last a few days as a final liquidation move to force weaker holders out.
Long-Term Roadmap To $16,000Patel’s roadmap places $3,945 as a major resistance level, which is close to the zone that capped several rallies after the 2021 peak. A breakout recovery above that price level would likely be the first confirmation that Ethereum has moved out of the accumulation structure and back into a larger bullish Wave 5 phase.
