Key Highlights
- Weekly MACD indicator shows upward momentum shift, mirroring patterns seen before previous ETH rallies
- ETH successfully recaptured $2,100 after defending critical $2,000 support zone
- Daily trading volume surged to $16 billion, doubling in just 24 hours following a 5%+ price jump
- Spot Ethereum ETFs attracted $120 million in net inflows on April 6, with BlackRock’s ETHA at the forefront
- Breaking through $2,150 resistance could pave the way for a potential rally toward $2,800
Ethereum has registered gains exceeding 5% over the last day, successfully recapturing the psychologically important $2,100 threshold that market participants have been monitoring. The upward movement followed President Donald Trump’s warning of repercussions for Iran regarding Strait of Hormuz access, temporarily alleviating oil market tensions and boosting risk-on sentiment.
Daily trading activity more than doubled throughout the rally, hitting $16 billion within a 24-hour window. This volume equals roughly 6% of Ethereum’s entire circulating market capitalization.
The broader cryptocurrency market witnessed approximately $280 million in short position liquidations during this price action. Bitcoin appreciated 4%, while Solana and XRP posted gains of 3.5% and 3% respectively during the same timeframe.
The $2,000 threshold successfully acted as support before the reversal, establishing what technical analysts characterize as an improved low point on the daily timeframe. ETH now faces resistance near $2,150, a price level that has previously rejected upward attempts.
Market analyst Ted published a technical chart illustrating ETH’s rebound from a key support confluence zone while breaking back above $2,100. His analysis identifies resistance barriers at $2,200, the middle $2,400 area, and subsequently at $2,624.
$ETH has broken above the $2,100 level.
Yesterday I told you that if the $2,000 level holds, Ethereum could have one final pump.
IMO, ETH could tap the $2,200 zone before the next downtrend. pic.twitter.com/8uon0G4UGw
— Ted (@TedPillows) April 6, 2026
The Relative Strength Index has climbed above 55 and surpassed its 14-day moving average. According to technical readings, an RSI breakthrough above 60 could indicate sustained upward momentum.
Weekly MACD Shows Potential Trend Reversal
Technical analyst Jake Wujastyk highlighted a weekly timeframe chart displaying Ethereum’s MACD indicator starting to curve upward from severely oversold territory. The blue MACD line is trending back toward the orange signal line following an extended downward trajectory.
Comparable technical formations on this timeframe have historically emerged near cyclical bottoms before subsequent price appreciation in following weeks. While not yet a confirmed reversal, the pattern indicates diminishing downside pressure.
Analyst Ali Charts identified the $1,800 level as a crucial threshold, suggesting present market structure resembles a potential ascending triangle formation. His assessment indicates that maintaining $1,800 as the triangle’s foundation could trigger an advance toward $4,900.
If the current Ethereum $ETH price action is an ascending triangle, then the $1,800 level is the “line in the sand.”
This price point serves as the triangle’s hypotenuse. If it holds as support, I believe it could trigger a rally toward the $4,900 x-axis. https://t.co/93y0hrWujz pic.twitter.com/sqIFaQKCG8
— Ali Charts (@alicharts) April 6, 2026
Institutional Capital Flows Through ETF Vehicles
Ethereum spot exchange-traded funds registered $120 million in aggregate net inflows on April 6. BlackRock’s ETHA dominated with $60.8 million in daily inflows, pushing its cumulative historical net inflow to $11.62 billion.
According to SoSoValue data, on April 6 (ET), Bitcoin spot ETFs recorded a total net inflow of $471 million; Ethereum spot ETFs saw a total net inflow of $120 million, with none of the ten ETFs recording net outflows. pic.twitter.com/5AO9Bg9xjZ
— Wu Blockchain (@WuBlockchain) April 7, 2026
Fidelity’s FETH secured second position with $40.1 million in fresh capital. Combined net assets across all Ethereum spot ETF products currently total $12.28 billion, accounting for 4.74% of Ethereum’s overall market capitalization.
The Crypto Fear and Greed Index advanced from 23 to 38, transitioning from Fear territory toward Almost Neutral sentiment.
According to the CME FedWatch tool, markets have eliminated expectations for interest rate reductions in 2026, creating headwinds for risk-oriented assets generally. Ethereum ETF products concluded the previous week with $42 million in outflows before the April 6 inflow reversal materialized.
