Ethereum price has spent the past few months doing something that rarely gets attention during fast markets. It has been quiet. After peaking earlier in 2025, ETH price slid lower from August and is now down by roughly 40% from those highs. Price action has slowed, volatility has cooled, and Ethereum has been moving sideways between $2,600 and $3,300 for several weeks.
That kind of pause often feels uncomfortable. Sideways markets test patience more than sharp drops. Still, long term charts sometimes tell a very different story when short term noise fades away. A recent chart shared by analyst Crypto Patel focuses exactly on that bigger picture and explains why Ethereum price may already be building the foundation for something much larger.
What you'll learn 👉
Ethereum Price Has Been Respecting A Long-Term Uptrend Despite The Pullback
Zooming out on the chart changes the perspective completely. The structure Crypto Patel highlights shows Ethereum trading inside a rising channel that has been intact for years. Each major cycle low has formed higher than the previous one, creating a steady upward slope that defines the long term trend.
Even after the recent decline, ETH remains above a strong historical support zone around $1,800. That area has acted as a base during previous market resets and continues to hold weight on the chart. Price has bounced from that region before, and the current structure suggests it still matters.
Ethereum price drifting lower since August does not break that trend. Instead, it places ETH back into a zone where long term positioning has historically taken place. The chart frames this period less as weakness and more as continuation within a broader upward structure.
ETH Price Consolidation Between $2,600 And $3,300 Fits A Larger Accumulation Pattern
Consolidation often looks boring on lower time frames. On a long-term chart, it can look intentional. Crypto Patel’s analysis points to the current range between $2,600 and $3,300 as part of a wider accumulation zone rather than a breakdown.
The chart marks a clear area where Ethereum has been absorbing supply while staying within the rising channel. Previous cycles showed similar behavior before stronger upside moves followed. Price moves sideways, volatility compresses, and structure remains intact.
This range also sits well above prior cycle highs, which is another detail long-term traders watch closely. Holding above old resistance zones often signals structural strength even when momentum slows.
Ethereum Price Path Toward $10,000 Appears Mapped Out On The Chart
One of the most striking elements of the chart is the projected trajectory drawn forward into 2026. Crypto Patel outlines a step-by-step advance where Ethereum price gradually climbs higher within the same channel it has respected for years.
The $10,000 level sits well within that channel projection rather than far above it. That detail matters because it suggests the target is not based on a sudden breakout or extreme expansion. Instead, it reflects continuation of an existing trend if Ethereum follows the same rhythm it has shown before.
The chart also shows higher levels beyond $10,000 over a longer horizon, though the near term focus remains on how ETH behaves inside the current accumulation phase. The idea presented is positioning early within structure rather than chasing momentum later.
Crypto Patel Emphasizes Patience Over Short-Term Excitement
Crypto Patel’s commentary reinforces the chart’s message. The analyst notes that Ethereum price between $1,800 and $2,900 represents a long term accumulation zone in his view. The focus is not on quick moves or headlines but on structure, timing, and patience.
According to Crypto Patel, $10,000 ETH in 2026 is achievable if the current setup plays out, with higher levels possible over a longer time frame. The emphasis remains on positioning before momentum returns rather than reacting once it becomes obvious.
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That perspective aligns closely with what the chart shows. Ethereum price is not breaking down. It is pausing within a broader trend that has not been invalidated.
Ethereum has a way of frustrating both bulls and bears during these quieter phases. Price drifts, narratives fade, and attention shifts elsewhere. Still, long-term charts often do their most important work during these moments. If the structure Crypto Patel highlights continues to hold, this consolidation period may end up looking far more significant in hindsight than it feels right now.
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