Ethereum overview

The descending channel on the daily chart remains fully intact heading into April. ETH continues to print lower highs beneath a declining 100-day MA (~$2.4k) and 200-day MA (~$3k). The $2.4k resistance band has now rejected the asset decisively after the February low.

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This reinforces the area as the key supply zone to clear before any bullish case can be made. On the daily chart, Ethereum price has formed a cup and handle pattern, a popular bullish continuation pattern in technical analysis. ETH price has recently broken out of the handle pattern, a sign that the upward trend is resuming. Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance.

Copyright © 2026 FactSet Research Systems Inc.Copyright © 2026, American Bankers Association. SEC fillings and other documents provided by Quartr.© 2026 TradingView, Inc. Ethereum price rebounded following reports that Iran’s president is willing to end the war with the U.S. and Israel if certain conditions are met. Bitcoin (BTC) slips below $69,000 as of writing on Friday, nearly wiping out its recovery from earlier this week. Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

On the downside, immediate support is seen at $2,050, ahead of the rising trendline area around $1,950, which is the key level to maintain the current bullish bias. A sustained break below $1,950 would expose further weakness toward what is strovemont capital $1,900 and shift the focus back to a deeper corrective phase. Its near-term bias is mildly bullish as price holds above the rising support trendline that originates near $1,745, keeping the broader recovery structure intact despite recent consolidation.

If these conditions fail to improve, recoveries may quickly be snuffed out with pullbacks taking center stage. AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Ethereum price rose nearly 7% on drawing closer to the $2,200 psychological resistance level after reports suggested that the U.S.-Iran war could end soon.

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A break below $65,000 would expose deeper retracement toward the yearly low at $60,000. The turnaround in US-listed BTC ETFs has seen cumulative inflows average $56.12 billion, with net assets under management at $87.46 billion. If inflows remain steady this week, sentiment around Bitcoin could improve and back a sustained price recovery. The cryptocurrency market remains on edge on Wednesday despite minor price increases across the board amid significantly depressed sentiment driven by the Iran war. On the shorter timeframe, ETH has been trading inside a falling wedge pattern since the mid-March rejection at $2.4k. The price is currently north of $2.1k after breaking above the upper boundary of the pattern over the past few days.

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While the MACD was bullish at press time, the amount of large transaction volume was declining. The Large Transaction Volume declined by 3x, from $17.5 billion to $5.67 billion. Ethereum was first proposed in a 2013 white paper by Vitalik Buterin, who envisioned a platform that could do more than just facilitate digital currency transactions. After a successful initial coin offering (ICO) in 2014, the Ethereum blockchain officially launched in 2015.

• AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.
• ETH price has recently broken out of the handle pattern, a sign that the upward trend is resuming.
• Dogecoin is approaching the descending trendline, trading at $0.092 on Tuesday, which could determine DOGE’s next directional move.
• Ethereum price rose nearly 7% on drawing closer to the $2,200 psychological resistance level after reports suggested that the U.S.-Iran war could end soon.
• These are self-executing contracts with the terms of the agreement directly written into lines of code.

Meanwhile, Solana price action was trading in a sideways market, having lost much of its correlation with ETH. On the 4-hour chart, the altcoin was trading around a resistance zone that had held price since February. This is the lowest level recorded over the past year, and the metric is continuing a decline that accelerated sharply through late 2025 and into 2026. The drawdown from the mid-2025 peak near 21M ETH has been steep and consistent. It reflects a sustained trend of holders withdrawing ETH from exchanges into self-custody.