Ethereum

2026

April

would

Ether (<a rel="noopener noreferrer nofollow">ETH</a>) price may be at risk of a correction to new year-to-date lows, especially if the bulls fail to secure daily candle closes above the $2,150 to $2,400 range.Ether’s price action continues to be driven by US and global macroeconomic events, along with investors’ appetite for risk assets during the US and Israel-Iran war. As data shows more than $1 billion in futures-driven sell pressure, the chance of Ether falling below $1,800 rises.<h2 id="ether-s-main-challenge-sits-at-2-400">Ether’s main challenge sits at $2,400</h2>Repeat rejections near $2,150 continue to cap Ether rallies, and the level has acted as a strong resistance seven times over the past two months. The trend and its resistance dominate the price action, despite the pattern of higher-high and higher-low candles, which can be seen on the daily chart.<figure><img alt="Cryptocurrencies, Ethereum, Bitcoin Price, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-04/019d4f03-7ccd-7478-a7f0-a30cc6e988ac.png"><figcaption>ETH/USDT on a one-day chart. Source: <a href="https://www.tradingview.com/symbols/ETHUSDT/" rel="noopener noreferrer nofollow">Cointelegraph/TradingView</a></figcaption></figure>A break below the ascending trendline may shift traders’ focus to $1,900, where liquidity sits near the equal lows formed during the first week of March. Losing that level introduces a bearish break of structure, exposing the external liquidity pockets to Ether’s yearly low at $1,736.&nbsp;The short positioning has not increased significantly despite the recent decline. The liquidation heatmap shows an imbalance within a 10% range ($1,845–$2,255) from the current price, with approximately $2.4 billion in long liquidations clustered near the lower bound ($1,845) and $1.7 billion in short liquidations near the upper bound ($2,255).<figure><img alt="Cryptocurrencies, Ethereum, Bitcoin Price, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-04/019d4f04-31a4-762f-a14e-15e6d3b11aec.png"><figcaption>ETH exchange liquidation heatmap. Source: CoinGlass</figcaption></figure>This skew indicates that downside liquidity is larger, but the short positioning still isn’t overcrowded, even as the price continues to weaken.The absence of large short buildup points to a passive positioning stance rather than conviction-driven selling. The price continues to compress under resistance, with buyers unable to reclaim control above the key threshold of $2,150.&nbsp;<a href="https://cointelegraph.com/markets/ethereum-bulls-must-hold-2k-volatility-hints-strong-price-move" rel="noopener noreferrer nofollow">Related:&nbsp;Ethereum bulls must hold $2K: Volatility metric hints at ‘strong’ move next</a><h2 id="eth-derivatives-spike-after-continued-macro-volatility">ETH derivatives spike after continued macro volatility</h2>A surge in ETH futures selling followed comments by US President Donald Trump, which escalated tensions with Iran rather than calming markets. Trump signaled that military action will continue until late April and warned of potential strikes on Iran’s power plants.Following the development, crypto analyst Darkfost <a href="https://x.com/Darkfost_Coc/status/2039610752839868598?s=20" rel="noopener noreferrer nofollow">noted</a> that Ether futures sell volume on Binance increased by $1 billion within an hour.<figure><img alt="Cryptocurrencies, Ethereum, Bitcoin Price, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-04/019d4f16-1fac-741d-be38-c6efd109b70b.jpg"><figcaption>Ether taker sell volume on Binance. Source: CryptoQuant</figcaption></figure>Despite the surge in selling, ETH continues to trade just below the $2,150 resistance level. A sustained move above $2,150 would open the way toward $2,400, where resistance is relatively thin.If the price clears $2,400, the next expansion zone sits near $2,800, where little trading activity has occurred over the past six months.<figure><img alt="Cryptocurrencies, Ethereum, Bitcoin Price, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2026-04/019d4f16-b6a5-7b31-b679-ae73fc95ccd9.png"><figcaption>ETH/USDT on a one-day chart. Source: Cointelegraph/TradingView</figcaption></figure>For now, ETH remains range-bound, capped by repeated resistance near $2,150, with $1,900 acting as the nearest liquidity pivot, which may extend the bearish breakdown.&nbsp;<a href="https://cointelegraph.com/features/ethereum-eez-attempt-rebuild-one-ether" rel="noopener noreferrer nofollow">Related: Ethereum’s EEZ and the attempt to rebuild one Ethereum</a>

Ether at risk of new 2026 lows if bulls fail to turn $2.4K into support

Table of Contents

Cointelegraph

Other articles published on Apr 2, 2026

Tokenized Stock Transfers Hit $2.87B in March

Bitcoin Easter sale loading?

European Diesel Prices Explode to $200 Per Barrel — Supply Crisis Deepens

Bitcoin ETFs Extend Inflows With $118 Million as Ether Adds $31 Million

DeFi is optimizing for gas, not for markets

Crypto Stabilizes as War Fears Ease with Crypto Bull Return, APEMARS Hits 1,539+ Backers; LINK an...

Join our free newsletter for daily crypto updates!