Ethereum (ETH) Surges Past $2,100 as Spot ETFs Record $120M Daily Inflows

Key Highlights

Table of Contents

ETH surged over 5% in the last 24 hours, breaking back above the critical $2,100 threshold
Weekly MACD indicator shows early signs of bullish divergence, historically a precursor to price recoveries
The $2,000 support zone held firm, establishing what technicians call a higher low structure
Daily trading volume surged to $16 billion, doubling the previous 24-hour period
Spot Ethereum ETFs brought in $120 million on April 6, with BlackRock’s ETHA contributing the lion’s share
Clearing the $2,150 resistance could trigger a rally toward the $2,800 zone

Ethereum has posted a sharp rebound over the past day, surging more than 5% and recapturing the psychologically important $2,100 price point that market participants have been monitoring. The rally followed geopolitical developments involving President Donald Trump’s warnings to Iran regarding the Strait of Hormuz, which temporarily relieved oil market concerns and boosted appetite for riskier assets.

[[IMG_6]]

Ethereum (ETH) Price

The price spike coincided with a dramatic increase in trading activity, with volume climbing to $16 billion across 24 hours—more than double the prior day’s figure. This volume surge accounts for roughly 6% of Ethereum’s entire circulating market capitalization.

The broader crypto market experienced approximately $280 million in liquidated short positions during this upward movement. Meanwhile, Bitcoin appreciated 4%, Solana climbed 3.5%, and XRP advanced 3% over the same timeframe.

Prior to the rally, ETH successfully defended the $2,000 support threshold, creating what technical analysts identify as a higher low formation on daily charts. The cryptocurrency is now challenging resistance positioned near $2,150, a barrier that has previously rejected multiple breakout attempts.

Market analyst Ted published a technical chart illustrating ETH’s rebound from a confluence support area and successful reclamation of $2,100. His analysis identifies subsequent resistance barriers at $2,200, the mid-$2,400 zone, and $2,624 beyond that.

$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, surpassing its 14-day moving average. Technical traders suggest that RSI momentum above 60 would strengthen the case for continued upside movement.

Weekly MACD Pattern Hints at Momentum Reversal

Technical analyst Jake Wujastyk highlighted a weekly timeframe chart displaying 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.

Historical precedent on this same chart shows comparable formations near previous local price bottoms before Ethereum embarked on recovery rallies in subsequent weeks. While not yet a confirmed reversal signal, the pattern indicates that selling momentum may be diminishing.

Crypto analyst Ali Charts identified $1,800 as a pivotal level, suggesting the current price structure resembles an ascending triangle pattern. According to his analysis, maintaining $1,800 as the pattern’s foundation could potentially catalyze a rally extending to $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 Returns Through ETF Channels

Ethereum spot exchange-traded funds registered $120 million in aggregate net inflows on April 6. BlackRock’s ETHA product dominated with $60.8 million in single-session inflows, pushing its cumulative historical inflows 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 ranked second with $40.1 million in daily inflows. The combined net assets held across all Ethereum spot ETFs have reached $12.28 billion, constituting 4.74% of Ethereum’s overall market capitalization.

Market sentiment indicators reflected the shift, with the Fear and Greed Index climbing from 23 to 38, transitioning from the Fear zone toward Almost Neutral territory.

The CME FedWatch tool indicates that markets have eliminated expectations for interest rate cuts through 2026, a development that has created headwinds for risk-oriented assets across the board. Ethereum ETFs concluded the previous week with $42 million in net outflows before reversing course with the April 6 inflow surge.