Ethereum trades at $2.255.04, an increase of 7.09%, on the chart for April 2026. The $2.017.09 low monthly price tested and maintained the trendline ascending support that connects Ethereum’s main lows from 2019. Monthly MACD has now turned positive, at 129.89. This is the first macro-momentum signal to be constructive since late 2025, when the market fell from its peak of $4,800.
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- The price of Ethereum is $2,255.04 by April 2026. This represents a 7.09% increase on the chart. After the low monthly level of $2,017.09 was tested, the trendline ascending support visible on the OKX chart monthly since 2019 has been tested.
- The MACD histogram for December (12,26 and 9) is a positive value of 129.89. MACD Line at -29.545 trades over the signal level at -160.35, confirming macro trend momentum.
- A bullish case is aimed at the SMA50, which sits at $2440.86. If the monthly close falls below this level, the trendline will be broken and $1500 becomes the next reference point.
EthereumETHThe price of Ethereum is $2,255.04 by April 2026. This represents a 7.09% increase on the previous month’s close. SMAs 50 and 20 remain above: SMA50 at $2440.86 represents the nearest resistance while SMA20 at $2857.71 is higher. The candlestick pattern of the April monthly candle shows a lower long wick along with the trendline. This is a structure which historically indicates demand absorption on a significant structural level.
On the monthly chart, an ascending trendline connects Ethereum’s bear-market lows from 2019, its 2020 pre rally base and 2022 cycle bottom. It is therefore the highest and most heavily tested structural support level of Ethereum’s entire price history. This $2,017.09 weekly wick has been the biggest test for that trendline during the current correction. It’s held up without any monthly close below. The price recovered since then to $2,255, which formed a positive month body above trendline.
This secondary signal is provided by the monthly MACD (12.26.9.) MACD at -29.5 is now 129.89 above signal at -163.35 resulting in a positive histogram. Both lines are still in the negative zone, which indicates that the macrotrend hasn’t reversed. However, the histogram being positive after a test of a trendline over a period of several years is indicative that momentum will take precedence before the price on a longer-term timeframe. It is the first time a monthly histogram has been positive since Ethereum’s rapid decline from its high of August 2025 near $4800.
Leshka, a crypto analyst, wrote in X about ETH. “will 3x-4x in the next six months,” A structural base is forming on the trendline when a tightening of supply occurs at centralized exchanges. This view gains technical support with the MACD monthly now showing an improving pace.
The Key Levels of Support, Resistance and Price Targets
Monthly closings are based on the ascending multi-year trendline that intersects at around $2000 to $2100. This is the floor structure. The monthly low of $2,017.09 is a concrete floor to be held: A close below this level breaks the trendline exposing $1.500. It aligns with 2023 accumulation zones and represents last major demand before untested terrain.
The SMA 50 is at $2440.86, and this will be the target for the next recovery. By closing above the SMA 50, it is possible to shift the SMA Ribbon from being fully bearish. This will allow the SMA structure to be reclaimed. SMA 20, at $2,857.71 represents the longer-term objective. It is a return to where the SMAs had converged prior to the 2025 break.
Invalidation if the monthly closed is below $2017.
The On-Chain Market and Data Context
Ethereum Perpetual Futures showed The Ethereum Foundation has a slight positive funding rate for April 12. This indicates a return of measured, but persistent demand. The Ethereum Foundation staked The exchanges received 45,000 Ethereum on the 5th of April, which is close to a target amount of 70,000. By doing so they reduced immediate pressure for selling and produced an annual yield estimated at $3.9 – $5.4 Million. Whales withdrew more than 120,000 ETH in early March from centralized exchanges, according to CryptoQuant contributor Arab Chain. This is the biggest outflow of ETH since October 2025.
Upgrade Pipeline Provides Forward Catalyst
Ethereum’s Glamsterdam update scheduled The H1 2020 targets include a large increase in the gas cap, simultaneous execution of transactions, and segregation between proposers/builders. This upgrade will continue the scalability efforts started with the Fusaka fork, and it is anticipated to reduce Layer-2 transaction fees materially.
The extended bull case is if Ethereum maintains the trendline over a multiyear period and the MACD continues to grow. If this happens, then the SMA50 at $2.440 will be the first target for recovery, while the SMA20 at $2.857 represents the second. If the SMA 50 is below $2.017, the trendline will be broken and the macrostructure will turn bearish.
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Source: crypto.news
