Quick Overview
- ETH currently trades near $2,056, facing persistent resistance at the $2,150 price point
- Binance witnessed more than $1 billion in ETH futures sell pressure in just one hour after Trump’s Iran statements
- Network data reveals approximately 788,000 daily active addresses, approaching record levels
- Critical support zones in focus: $1,900, $1,800, and the 2026 bottom at $1,736
- Both RSI at 34 and MACD at -15 signal bearish momentum
Ethereum continues to trade within a narrow corridor, currently hovering near $2,056 following seven consecutive rejections at the $2,150 resistance threshold. This overhead barrier has successfully prevented upward momentum on multiple occasions throughout the last two months.
The asset declined from approximately $2,132 down to the $2,040 zone during the last 24-hour period. Looking at the weekly timeframe, ETH has shed nearly 5% of its value.
Recent statements from US President Donald Trump regarding Iran tensions sent shockwaves through financial markets. Trump indicated the military is nearing completion of “Operation Epic Fury” and hinted at possible attacks on Iranian energy infrastructure. This geopolitical uncertainty triggered oil price increases while cryptocurrencies faced selling pressure.
According to crypto market analyst Darkfost’s observations on X, Binance recorded a staggering $1 billion surge in ETH futures sell volume in just 60 minutes after Trump’s public comments. This dramatic increase in bearish pressure contributed to ETH’s retreat from the $2,150 threshold.
🔴 $1B in ETH selling hits derivatives in 1 hour After Trump’s speech.
While markets around the world were expecting a de-escalation speech from Donald Trump regarding the conflict with Iran, his remarks went in a completely different direction.
Instead, Trump made it clear… pic.twitter.com/nz6kIK1Clw
— Darkfost (@Darkfost_Coc) April 2, 2026
CoinGlass liquidation metrics indicate approximately $2.4 billion worth of long positions are clustered around $1,845, while roughly $1.7 billion in short positions sit near $2,255. This asymmetry points to greater downside liquidity potential compared to upside targets.
Critical Support Zones Under Scrutiny
Should Ethereum break below its current ascending trendline support, market participants will likely turn their attention toward $1,900, which marks equal lows established in early March. A breach of $1,900 could open the door to the annual low at $1,736.
Beyond that level, market analyst Minga identifies $1,537 as the subsequent major support, where weekly equal lows are positioned. A larger-scale macro trend reversal might necessitate a sweep down to $1,384, with potential further extension into the $1,190–$1,148 zone representing a possible cycle bottom.
The asset is also trading close to its 200 EMA, which sits around $2,104. Market analyst CyrilXBT observed that ETH experienced a brief surge to $2,400 during mid-March before reversing lower without establishing sustained upward continuation.
$ETH – 4H
ETH is in a completely different situation. This one never really ran.
It spiked to $2,400 mid-March and has been bleeding since.
Right now it’s hugging the 200 EMA at $2,104. That’s actually somewhat constructive: price is not collapsing, it’s compressing.
$1,800… pic.twitter.com/irj1UA7lEk
— CyrilXBT (@cyrilXBT) April 1, 2026
On-Chain Metrics Paint Contrasting Picture
While price action appears weak, Ethereum’s blockchain fundamentals demonstrate resilience. Santiment data indicates roughly 788,000 active addresses interact with the network daily, marking levels close to historical peaks.
📈 Ethereum’s network remains near all-time high levels as $ETH‘s market value sits at ~$2,130. According to our on-chain data, there are:
🏃 Over 788K addresses per day interacting on the network
👶 Over 255K new addresses per day created on the network pic.twitter.com/vz5Vq2HwDf— Santiment ✈️ 🇫🇷 EthCC (@santimentfeed) April 1, 2026
The 14-period RSI currently registers at 34, hovering just above oversold conditions but remaining firmly below the neutral 50 mark. The MACD indicator (12,26) shows a reading of -15, confirming that near-term momentum continues to favor sellers.
A decisive daily candle close above $2,150 would represent the initial concrete evidence of renewed buyer conviction. Should ETH successfully breach $2,400, the subsequent area of interest emerges around $2,800, a region that has witnessed minimal trading volume over the past half-year.
Ethereum maintains its position in a consolidation pattern around the $2,000 level, with $2,150 serving as overhead resistance and $1,900 representing the immediate downside inflection point.
