Ethereum has been pushed against the double-top zone of resistance at $2163 following two successive rejections of the upper border of the parallel rising channel. A marginally bullish MACD cross on the 4-hour chart makes it difficult to determine whether or not buyers will finally be able to break through, and whether this pattern will eventually resolve downwards toward $1980.
The following is a summary of the information that you will find on this page.
- Ethereum has reached $2,051.80 and is still holding in a rising parallel channels on daily as well as 4H timeframes, after having twice rejected from the $2.163-$2,166 zone resistance.
- The daily Supertrend of $1,980.92 is still green, which indicates that the trend hasn’t yet been broken.
- The target for a confirmed daily close over $2,166 is $2,250 to $ 2,300. However, if the Supertrend support of $2.024 falls, it opens doors up to $1.980, and possibly $1.900.
EthereumETHOn April 3, 2026,, is trading at 2,051.80, and has held within a parallel rising channel since the lows of February. The double-top pattern at the upper channel boundary was created by two consecutive rejection candles in the zone of $2,163 and $ 2,166, which are clearly marked on the 4H chart as well as the daily chart. Due to the fact that $6.3 Billion in Ethereum Options expired on Friday and CME futures were offline due to Good Friday, traders are facing a low-liquidity week which could magnify any move.
Ethereum trades between the lower channel support, near $2 024, and the upper resistence, $2 163. The green 4H Supertrend is at $2,024.73, confirming that the short-term trends have not changed. The 4H MACD Histogram just entered positive territory, crossing the MACD at -3.39 above the signal at -4.58. It is the first bullish crossover since mid-March, although it’s only marginally significant.
On the daily graph, things are more cautious. The MACD Histogram is -7.33. However, the MACD Line at -11.11 remains below signal at 3.78. The Supertrend for the day at $1.980.92 is green. This means that there has been no change in daily trend. On the chart, two orange markers clearly identify the rejection zone of the double top at $2163-2166. Double-tops are invalidated by a daily close over $2,166.
The Invalidation of Key Levels and Price Targets
Support lies at $2,024 for the daily Supertrend and $1980 (4H). Daily closes below $1,980 will turn the daily Supertrend to the downside and disrupt the ascending channel structure which has defined price from February. A move towards $1,900 is the next floor.
As a short-term barrier, the area of $2,069 (the 4H-Supertrend upper band) is visible. Next, the zone between $2,163 and $2,166, which represents the double top, will be the next resistance. After a clean close of $2166 on a daily basis, $2250 is initially the target. $2300 to $2400 would be the larger bull case, if you are aiming for the upper trendline.
A 4H close under the Supertrend Support of $2,024 invalidates the bullish-channel thesis. Daily closes above $2200 are invalid for the bullish double top thesis.
Options Expiry Macro Context
Deribit data shows that $6.3 billion worth of Ethereum options expire on April 3. The spot price is trading close to the maximum pain zone. AnalyticsInsight analysts noted that the event was “more like a routine settlement than a major turning point,” Price proximity to the maximum pain limits the likelihood of a price spike driven by expiry.
Crypto.news reportedEthereum fell by 3.4% on the 2nd of April, during a broader selloff triggered by the U.S. Iran escalated tensions and $285 Million Drift Protocol exploited on Solana. The 4H Supertrend holding at $2.024 throughout that sell-off is an important signal that buyers remain resilient.
The first tangible sign that the bulls have regained short-term power would be a sustained hold over $2,024 going into the next week. This is especially true if the MACD 4H histogram remains positive. The double top breakdown, and the move towards $1,900, become the main scenario to monitor if $2,024 does not hold.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: crypto.news
