Key Highlights
- Weekly MACD indicator shows upward curl, a formation historically associated with price recoveries
- ETH successfully retested and held the $2,100 threshold following support at $2,000
- 24-hour trading volume surged to $16 billion, doubling from previous levels after a 5%+ rally
- Spot Ethereum ETFs attracted $120 million in net capital on April 6, with BlackRock’s ETHA at the forefront
- Price action above $2,150 resistance could trigger movement toward the $2,800 zone
Ethereum has registered gains exceeding 5% over the last 24-hour period, reclaiming the critical $2,100 threshold that market participants have been monitoring. The upward movement followed President Donald Trump’s warnings to Iran regarding Strait of Hormuz access, which temporarily reduced oil price concerns and boosted risk-on assets.
Daily trading activity more than doubled throughout the rally, hitting $16 billion across exchanges. This volume accounts for approximately 6% of ETH’s total circulating supply valuation.
Across cryptocurrency markets, roughly $280 million worth of bearish positions faced liquidation during the price surge. Bitcoin advanced 4%, Solana climbed 3.5%, and XRP posted 3% gains within the same timeframe.
The $2,000 price point maintained its role as solid support ahead of the recovery, creating what technical observers identify as an elevated low on daily timeframes. ETH currently faces resistance near $2,150, a barrier that has rejected prior breakout attempts.
Market analyst Ted presented a chart illustrating ETH’s rebound from a consolidation support zone and successful recapture of $2,100. The technical mapping identifies resistance barriers at $2,200, the middle $2,400 range, and $2,624 beyond that level.
$ETH has broken above the $2,100 level.
Yesterday I told you that if the $2,000 level holds, Ethereum could have one final pump.
IMO, ETH could tap the $2,200 zone before the next downtrend. pic.twitter.com/8uon0G4UGw
— Ted (@TedPillows) April 6, 2026
The Relative Strength Index has climbed above 55 and crossed over its 14-day moving average. RSI movement past the 60 threshold could indicate sustained upward momentum, based on the technical framework.
Weekly MACD Displays Early Bullish Divergence
Analyst Jake Wujastyk presented a weekly timeframe chart highlighting Ethereum’s MACD starting to curve upward from deeply bearish territory. The blue MACD line is advancing back toward the orange signal line following an extended downward trend.
Comparable chart formations have historically emerged near local price floors before subsequent rallies developed over following weeks. While the pattern remains unconfirmed as a full reversal, it suggests diminishing downside pressure.
Analyst Ali Charts identified the $1,800 level as a pivotal support zone, characterizing the present price structure as a potential ascending triangle formation. He indicated that maintaining $1,800 as the triangle’s lower boundary could enable a rally reaching $4,900.
If the current Ethereum $ETH price action is an ascending triangle, then the $1,800 level is the “line in the sand.”
This price point serves as the triangle’s hypotenuse. If it holds as support, I believe it could trigger a rally toward the $4,900 x-axis. https://t.co/93y0hrWujz pic.twitter.com/sqIFaQKCG8
— Ali Charts (@alicharts) April 6, 2026
Spot ETF Activity Reflects Growing Institutional Participation
Ethereum spot exchange-traded funds attracted $120 million in aggregate net capital on April 6. BlackRock’s ETHA dominated with $60.8 million in single-session inflows, elevating its cumulative historical net inflow to $11.62 billion.
According to SoSoValue data, on April 6 (ET), Bitcoin spot ETFs recorded a total net inflow of $471 million; Ethereum spot ETFs saw a total net inflow of $120 million, with none of the ten ETFs recording net outflows. pic.twitter.com/5AO9Bg9xjZ
— Wu Blockchain (@WuBlockchain) April 7, 2026
Fidelity’s FETH secured the second position with $40.1 million in new capital. Combined net assets across all Ethereum spot ETFs have reached $12.28 billion, accounting for 4.74% of Ethereum’s complete market capitalization.
The Fear and Greed Index advanced from 23 to 38, transitioning from Fear territory toward Almost Neutral sentiment.
CME FedWatch data indicates markets have eliminated expectations for monetary policy easing in 2026, creating headwinds for risk-oriented investments generally. Ethereum ETFs closed the previous week with $42 million in capital withdrawals before the April 6 inflow reversal occurred.
