TLDR
- ETH is trading around $2,056, repeatedly rejected at the $2,150 resistance level
- Over $1 billion in ETH futures sell pressure hit Binance within one hour following Trump’s Iran comments
- On-chain data shows ~788,000 active daily addresses, near all-time highs
- Key support levels to watch: $1,900, $1,800, and the 2026 low of $1,736
- Technical indicators including RSI (34) and MACD (-15) are both flashing sell signals
Ethereum is stuck in a tight range, trading around $2,056 after repeated rejections at the $2,150 resistance level. That level has capped rallies seven times over the past two months.
The price dipped from roughly $2,132 to near $2,040 in the past 24 hours. Over the past week, ETH is down close to 5%.
US President Donald Trump’s comments about the ongoing conflict with Iran rattled markets. Trump said the US military is “very close” to completing “Operation Epic Fury” and warned of potential strikes on Iranian power plants. Oil prices rose while crypto sold off.
Crypto analyst Darkfost noted on X that ETH futures sell volume on Binance jumped by $1 billion within a single hour following Trump’s remarks. That spike in selling pressure pushed ETH further below the $2,150 level.
🔴 $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
Liquidation data from CoinGlass shows roughly $2.4 billion in long liquidations clustered near $1,845, compared to $1.7 billion in short liquidations near $2,255. That imbalance suggests more downside liquidity than upside.
Key Support Levels to Watch
If Ethereum loses the ascending trendline it currently sits on, trader focus is likely to shift to $1,900, where equal lows from early March sit. Losing $1,900 could expose the yearly low at $1,736.
Below that, analyst Minga points to $1,537 as the next major level, with weekly equal lows positioned there. A broader macro reversal may require a sweep of the $1,384 low, with a potential extension into the $1,190–$1,148 range as a possible cycle bottom.
Ethereum is also hovering near its 200 EMA at around $2,104. Analyst CyrilXBT noted ETH briefly spiked to $2,400 in mid-March before trending back down without establishing 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
Network Activity Tells a Different Story
Despite the price weakness, Ethereum’s on-chain fundamentals remain strong. Data from Santiment shows approximately 788,000 active daily addresses on the network, near all-time high 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-day RSI sits at 34, just above oversold territory but still below 50. The MACD (12,26) reads at -15, indicating short-term momentum remains bearish.
A daily close above $2,150 would be the first clear sign of buyer strength. If ETH clears $2,400, the next zone of interest is around $2,800, where little trading activity has occurred in the past six months.
ETH remains range-bound near $2,000, with $2,150 acting as the ceiling and $1,900 as the nearest downside pivot.
