Quick Overview
- ETH currently trades near $2,056 following multiple failed attempts to break through $2,150 resistance
- Binance recorded more than $1 billion in ETH futures selling within 60 minutes after Trump’s Iran-related statements
- Network activity remains robust with approximately 788,000 daily active addresses, approaching record levels
- Critical support zones include $1,900, $1,800, and the 2026 bottom at $1,736
- Momentum indicators RSI (34) and MACD (-15) both signal bearish conditions
Ethereum continues to trade within a constrained range, hovering near $2,056 following multiple unsuccessful attempts to surpass the $2,150 resistance barrier. This critical threshold has blocked upward momentum on seven separate occasions during the last two months.
ETH dropped from approximately $2,132 to around $2,040 during the last 24-hour period. The past week has seen ETH decline by nearly 5%.
Comments from US President Donald Trump regarding Iran sparked market volatility. Trump indicated the US military is nearing completion of “Operation Epic Fury” and suggested potential attacks on Iranian energy infrastructure. This news pushed oil higher while triggering cryptocurrency selloffs.
According to crypto market analyst Darkfost’s X post, Binance witnessed ETH futures selling surge by $1 billion in just one hour after Trump’s statements. This substantial wave of selling pressure drove ETH deeper below the crucial $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 reveal approximately $2.4 billion in long position liquidations concentrated around $1,845, while short liquidations total roughly $1.7 billion near $2,255. This asymmetry points to greater downside liquidity risk compared to upside potential.
Critical Support Zones in Focus
Should Ethereum break below its current ascending trendline support, market attention will likely turn toward $1,900, where equal lows established in early March remain. A breach of $1,900 could expose the annual low positioned at $1,736.
Looking deeper, analyst Minga identifies $1,537 as the subsequent significant level, marked by weekly equal lows. A comprehensive macro trend reversal might necessitate a liquidity sweep of the $1,384 low, potentially extending down to the $1,190–$1,148 zone as a possible cyclical bottom.
ETH is currently trading close to its 200-day exponential moving average around $2,104. Market analyst CyrilXBT observed that ETH momentarily rallied to $2,400 during mid-March before reversing lower without confirming sustained upward momentum.
$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 Show Strength
While price action appears weak, Ethereum’s blockchain fundamentals demonstrate resilience. Santiment data indicates roughly 788,000 daily active addresses interacting with the network, figures approaching historical peak levels.
📈 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 Relative Strength Index stands at 34, marginally above oversold conditions but remaining beneath the neutral 50 mark. The MACD (12,26) indicator registers at -15, confirming short-term bearish momentum persists.
A daily candle close above $2,150 would represent the initial meaningful indication of buying pressure returning. Should ETH successfully breach $2,400, the subsequent area of interest emerges around $2,800, a zone that has seen minimal trading volume over the previous six months.
Ethereum remains confined within a range near $2,000, with $2,150 functioning as resistance overhead and $1,900 serving as the immediate downside target.
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