Ethereum is trading at approximately $2,318 on Binance as of April 25, 2026, up 5.79% on the latest two-week candle. The move is minor on its own. On a higher timeframe, though, the structure forming underneath it is anything but.

Crypto analyst CryptoPatel posted a detailed 2-week chart breakdown on X showing ETH sitting directly on what the chart labels a “Bullish OB Support / Best Accumulation Zone” between roughly $1,850 and $2,318. The zone has been tested multiple times without a clean break below it.

The Pattern ETH Has Run Before

“ETH Is Quietly Doing What Life-Changing Assets Always Do…Building A Massive Base Before The Real Move Starts,” CryptoPatel wrote on X.

The 2-week timeframe on that chart pulls back to 2018. What it shows is a magenta rising trendline connecting higher lows across multiple cycles. Price is sitting on that line right now, just as it did in 2019 and again in late 2023 before the subsequent breakouts.

A numbered sequence on the chart labels three touches of the trendline in the 2018-to-2020 period. The same sequence of three touches appears to be completing again now. That is the structure CryptoPatel is calling an accumulation phase.

Volume adds weight to that reading. Trading volume on ETH’s 2W candles has dropped to yearly lows. That kind of quiet is historically a feature of accumulation, not distribution, when price is sitting on rising support rather than falling off prior highs.

What the Chart Actually Targets

The upside projections drawn directly from the accumulation zone are aggressive. Two green vertical projection boxes on the chart point to targets of roughly $13,319 and $13,617. The right-side scale on the same chart extends to $15,000 and beyond $22,000.

“Most People Only Pay Attention After The Breakout. Smart Money Pays Attention Before It. $10K–$20K ETH This Decade Is Not Crazy. Ignoring It Might Be,” CryptoPatel said in the X post.

The first major level bulls need to clear is $4,709. That red horizontal line on the chart marks the previous major cycle high. A confirmed 2-week close above it would, by the structure of the chart, serve as the trigger for the larger projected move.

The risk side of the trade is also defined. A clean 2-week close below $1,850, the lower boundary of the order block, would invalidate the structure. Until that happens, the chart keeps its bullish bias intact.

Where This Sits Against Broader ETH Forecasts

This reading does not exist in isolation. Standard Chartered raised its year-end ETH price target to $7,500, pointing to institutional participation and expanding stablecoin usage on the network. Arthur Hayes, chief investment officer at Maelstrom, has publicly forecast a $10,000 to $20,000 ETH price before the end of the current market cycle.

Those institutional forecasts are rooted in fundamentals. ETH’s 2-week chart structure, as CryptoPatel reads it, tells the same story from a pure price action perspective.

For someone holding ETH at current prices, the chart presents a straightforward framework: the order block between $1,850 and $2,318 is the zone that either holds and launches the next leg, or breaks and resets the thesis entirely. It has held three times this cycle so far.