ETH Accumulation Phase Paves Way for $10,000, $20,000 Target

Ethereum (ETH) is currently in a potential accumulation phase, which could lead to significant upside in the next market cycle, according to analysts.

This analysis comes from Crypto Patel and Freedom By 40, who have identified historical-cycle comparisons that suggest Ethereum may eventually target prices from $10,000 up to $20,000.

Crypto Patel has identified a four-year cycle pattern on Ethereum's long-term chart, which echoes the bullish structures seen during cycles ending in 2017 and 2021. In each past period, Ethereum rallied sharply, corrected for an extended time, and formed a lengthy accumulation base before launching another major advance.

The current price of ETH is around $1,860, just above the main support zone from $1,000 to $1,350. Maintaining this support is considered vital for preserving the positive cycle outlook.