Ethereum (ETH) Surges Past $2,100 as ETFs Attract $120M in Fresh Capital

Key Highlights

Table of Contents

Ethereum’s weekly MACD indicator shows early signs of upward momentum, mirroring patterns seen at previous market bottoms
ETH successfully broke back above $2,100 following solid support confirmation at $2,000
Daily trading activity surged to $16 billion, representing a 100% increase over the previous 24-hour period following a 5%+ rally
Spot Ethereum ETFs attracted $120 million in net capital on April 6, with BlackRock’s ETHA commanding the largest share
Technical analysts suggest a confirmed move beyond $2,150 resistance could trigger a rally targeting $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 geopolitical developments when President Donald Trump issued warnings to Iran regarding the Strait of Hormuz, temporarily alleviating oil market concerns and providing support to risk-oriented assets.

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Ethereum (ETH) Price

Market activity intensified dramatically during the rally, with trading volume climbing to $16 billion across a 24-hour window—more than double the previous day’s activity. This volume level accounts for approximately 6% of Ethereum’s entire circulating supply valuation.

The broader cryptocurrency market witnessed roughly $280 million in liquidated short positions during this price movement. Bitcoin registered a 4% increase, while Solana advanced 3.5% and XRP posted 3% gains during the same timeframe.

The critical $2,000 price floor provided solid support prior to the reversal, establishing what technical observers characterize as a higher low formation on the daily timeframe. Ethereum now confronts resistance around $2,150, a barrier that has previously rejected multiple breakout attempts.

Market analyst Ted published technical analysis highlighting ETH’s rebound from a confluence of support levels and the successful recapture of $2,100. His charting identifies overhead resistance barriers at $2,200, the middle $2,400 zone, 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 beyond 55 and positioned itself above its 14-period moving average. According to the technical framework, an RSI breakout above 60 would strengthen the case for continued upside momentum.

Weekly MACD Hints at Potential Trend Reversal

Technical analyst Jake Wujastyk highlighted a weekly timeframe chart revealing Ethereum’s MACD indicator beginning to curve upward from deeply oversold territory. The blue MACD line is approaching the orange signal line following an extended downtrend phase.

Historical analysis of this same chart reveals comparable configurations materialized near cyclical bottoms before subsequent multi-week rallies developed. While this formation doesn’t constitute a confirmed bullish breakout, it indicates potential exhaustion of downside momentum.

Crypto analyst Ali Charts identified the $1,800 zone as a crucial support threshold, characterizing the current price structure as a potential ascending triangle formation. His assessment suggests that maintaining $1,800 as the pattern’s foundation could facilitate 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 Money Flows Through ETF Vehicles

Ethereum spot exchange-traded funds captured $120 million in aggregate net inflows on April 6. BlackRock’s ETHA product dominated with $60.8 million in single-session inflows, elevating 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 product secured the second position with $40.1 million in fresh capital. Combined net assets across all Ethereum spot ETF products currently total $12.28 billion, equivalent to 4.74% of Ethereum’s complete market capitalization.

The cryptocurrency Fear and Greed Index advanced from 23 to 38, transitioning from Fear territory toward Almost Neutral sentiment.

Data from the CME FedWatch tool indicates market participants have eliminated expectations for monetary policy rate reductions in 2026, a factor that has created headwinds for risk assets across markets. Ethereum ETF products concluded the previous week with $42 million in net outflows before reversing course with the April 6 inflow performance.