Ethereum (ETH) Faces Critical Test at $2,150 Resistance as Bulls Lose Momentum

Quick Summary

Table of Contents

Ethereum currently trades near $2,056 following multiple failed attempts to breach the $2,150 resistance barrier
Binance witnessed more than $1 billion in ETH futures selling within a 60-minute window after Trump’s Iran statements
Network activity remains robust with approximately 788,000 daily active addresses approaching record territory
Critical support zones under scrutiny: $1,900, $1,800, and the 2026 bottom at $1,736
Momentum indicators like RSI at 34 and MACD at -15 both signal bearish pressure

Ethereum remains trapped in a consolidation pattern, hovering near $2,056 following multiple unsuccessful attempts to breach the $2,150 resistance barrier. This price ceiling has denied bullish momentum on seven separate occasions throughout the last two months.

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Ethereum (ETH) Price

The digital asset declined from approximately $2,132 down to the $2,040 region during the last 24-hour period. Looking at the weekly timeframe, ETH has shed nearly 5% of its value.

Recent statements from US President Donald Trump regarding the Iran situation triggered market volatility. Trump indicated the US military is nearing completion of “Operation Epic Fury” and hinted at possible strikes targeting Iranian energy infrastructure. This geopolitical tension sent oil prices climbing while cryptocurrency markets faced selling pressure.

Market analyst Darkfost highlighted on X that Binance experienced a massive $1 billion surge in ETH futures selling activity concentrated within just one hour after Trump’s public comments. This dramatic wave of sell orders drove ETH deeper beneath the critical $2,150 threshold.

🔴 $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

According to CoinGlass liquidation metrics, approximately $2.4 billion in long position liquidations are concentrated around the $1,845 price point, while roughly $1.7 billion in short liquidations cluster near $2,255. This asymmetry indicates greater downside vulnerability compared to upside potential.

Critical Support Zones Under Watch

Should Ethereum break below its current ascending trendline support, market attention will likely pivot toward $1,900, where equal lows established in early March reside. A breakdown through $1,900 would bring the annual low of $1,736 into focus.

Further down, analyst Minga identifies $1,537 as another significant level, marked by weekly equal lows. A comprehensive macro trend reversal might necessitate a sweep down to the $1,384 low, with potential extension toward the $1,190–$1,148 zone representing a possible cycle trough.

Ethereum is also trading in proximity to its 200-period exponential moving average at roughly $2,104. Analyst CyrilXBT observed that ETH briefly rallied to $2,400 in mid-March before reversing lower without establishing sustained bullish momentum.

$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

On-Chain Metrics Paint Contrasting Picture

While price action appears bearish, Ethereum’s blockchain fundamentals demonstrate resilience. Santiment data reveals approximately 788,000 daily active addresses utilizing the network, approaching historical peak 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-period Relative Strength Index currently registers at 34, hovering just above oversold conditions but remaining firmly below the neutral 50 mark. The MACD indicator (12,26) shows a reading of -15, confirming that near-term momentum trends bearish.

A decisive daily candle close above $2,150 would represent the initial concrete signal of renewed buying interest. Should ETH successfully break above $2,400, the subsequent target zone sits around $2,800, an area with minimal trading activity over the past half year.

Ethereum continues consolidating around the $2,000 level, with $2,150 functioning as overhead resistance and $1,900 serving as the immediate downside inflection point.