Ethereum is closing in on the double-top resistance zone at $2,163 after rejecting the higher certain of the ascending parallel channel for the second time in a row, however a slight bullish MACD crossover on the 4-hour chart raises the query of whether or not patrons can lastly escape or if this sample will resolve on the draw back in direction of $1,980.
Ethereum (ETH) is buying and selling at $2,051.80 as of April 3, 2026, remaining inside an ascending parallel channel that has remained intact for the reason that February lows. Two consecutive rejection candles within the $2,163 to $2,166 zone are clearly marked on each the 4-hour and every day charts, forming a double high construction on the high of the channel. With $6.3 billion of Ethereum choices expiring immediately and CME futures going offline on Good Friday, merchants face a weekend of skinny liquidity that would amplify directional strikes.
On the 4H chart, Ethereum is buying and selling between the draw back help of the channel close to $2,024 and the upside resistance at $2,163. The $2,024.73 This fall supertrend stays inexperienced, confirming that the short-term pattern has not reversed bearishly. Extra noteworthy is that the 4H MACD histogram has simply entered constructive territory at 1.19, with the -3.39 MACD line above the -4.58 sign line. This can be a small however technically significant bullish crossover and the primary since mid-March.
On the every day chart, the state of affairs is extra cautious. The MACD histogram is at -7.33 and the MACD line is -11.11, nonetheless beneath the sign at -3.78. The every day supertrend at $1,980.92 stays inexperienced, that means the every day pattern has not damaged out bearishly. The 2 orange markers on the chart exactly determine the double high rejection zone from $2,163 to $2,166. A detailed of the day above $2,166 will invalidate the double high and ensure the higher trendline of the ascending channel as the following goal.
Key ranges, goal costs, and voids
Help is tiered at $2,024 (4-hour supertrend) and $1,980 (every day supertrend). A every day shut beneath $1,980 would bearishly reverse the every day supertrend, breaking the ascending channel construction that has outlined the worth since February and initiating a transfer in direction of $1,900 as the following main flooring.
Resistance: The $2,069 space (the higher band of the 4-hour supertrend proven on the chart) acts as a short-term ceiling, adopted by the $2,163-$2,166 double-top zone. A clear every day shut above $2,166 initially targets $2,250, with a broader bullish case focusing on $2,300 to $2,400 if the higher trendline of the channel is focused.
Bullish channel concept invalidated: 4th hour shut beneath supertrend help at $2,024. The bearish double high concept is invalid: the every day closing worth is above $2,200.
Non-obligatory expiration and macro context
Roughly $6.3 billion of Ethereum choices expire on April 3, with spot costs buying and selling close to the utmost ache zone heading into expiration, in accordance with Deribit information. Analysts at AnalyticsInsight famous that this occasion is “extra of a routine settlement than a serious turning level,” provided that costs are near most ache and the possibility of a pointy rally in both course resulting from expiration is restricted.
As reported by crypto.information, Ethereum fell 3.4% in direction of the $2,000 help on April 2nd throughout a broader market decline associated to the US and Iran escalation and the $285 million Drift Protocol exploit at Solana. The truth that the 4th hour supertrend held at $2,024 all through that promoting occasion is a significant sign of purchaser resilience at that stage.
A sustained maintain above $2,024 into subsequent week, particularly with the fourth-hour MACD histogram remaining constructive, could be the primary concrete sign that the bulls are regaining near-term management. If $2,024 fails, a double high breakdown and transfer in direction of $1,900 could be the primary situations to observe.
