Ethereum is trading at $2,255.04 in April 2026, up 7.09% on the monthly chart, after testing the monthly low of $2,017.09 and holding an ascending support line linking Ethereum’s biggest decline since 2019. The monthly MACD histogram turned positive from the 9th, the first mark of the macro 129. 2025 decline from the $4,800 high.
Summary
- Ethereum price is at $2,255.04 in April 2026, up 7.09% on the monthly chart, after the $2,017.09 monthly low tested the ascending support line seen on the OKX monthly chart from 2019.
- The monthly MACD histogram (12,26,9) reads well at 129.89, with the MACD line at -29.45 trading above the signal at 159.35, which confirms the development of macro momentum in the trendline test.
- An immediate bull case is targeting the SMA 50 at $2,440.86; a monthly close below $2,017 breaks the trendline and exposes $1,500 as a reference for the next structure.
The price of Ethereum (ETH) is at $2,255.04 in April 2026, up 7.09% to the monthly close, after the monthly low of $2,017.09 was tested and holds the rising support line described in the chart connecting the lows of Ethereum from the base of 2019 through the current cycle. Both SMAs remain higher: SMA 50 at $2,440.86 is the nearest resistance and SMA 20 at $2,857.71 is higher. April’s monthly candle prints a long downward trendline, a candlestick pattern that historically indicates that it needs to be absorbed at an important structural level.
The ascending support trendline on the monthly chart connects Ethereum’s 2019 bear market low, the pre-convention base of 2020, and the 2022 cycle low, making this the deepest and most tested structural level in Ethereum price history. The monthly wick of $2,017.09 is the most important test of that trend line in the current correction, and it holds without a monthly close below it. The price has returned to the $2,255 area, making a nice monthly body above the trend line.
The monthly MACD (12,26,9) provides the second important signal. The MACD line at 29.45 is now 129.89 points above the signal at -159.35, producing a good histogram. While both lines are sitting in a negative position, indicating the macro trend has not yet reversed, the histogram turning positive in the multi-year trendline test is consistent with rising momentum before the price continues for the long term. This is the first monthly histogram reading since Ethereum’s decline accelerated from the August 2025 high near $4,800.
Crypto analyst Leshka wrote on X that ETH “will be 3x-4x in the next six months,” pointing to the increasing supply density in the middle trade as evidence of a structural base that is forming at the trendline level, an idea that is gaining more technical support with the monthly MACD now confirming the development of momentum.
Key Levels: Support, Resistance, and Price Targets
The rising multi-year line, currently intersecting around $2,000 to $2,100, is a monthly building floor. The monthly low of $2,017.09 is a concrete level to hold: a monthly close below breaks the trendline and exposes $1,500, which coincides with the 2023 rally area and represents the last major demand area ahead of the untested area.
On the other hand, the SMA 50 at $2,440.86 is an immediate recovery target. The monthly close above changes the SMA ribbon from fully bearish and begins to restore the moving average structure. The SMA 20 at $2,857.71 is an extended target and represents a return to where both SMAs meet before the 2025 breakout.
Ineligibility: monthly closing less than $2,017.
On-Chain and Market Data Context
Futures on Ethereum have shown a slightly positive trend since April 12, indicating that limited but persistent demand on the sidelines is returning. The Ethereum Foundation held 45,000 ETH on April 5, approaching the target of 70,000 ETH, reducing the pressure of the cyclical sales while generating an estimated income of $3.9 to $5.4 million per year. Whales withdrew more than 120,000 ETH in an average trade in early March, the largest outflow since October 2025, by CryptoQuant Arab Chain contributor, a pattern consistent with accumulation near structural support.
Develop Pipeline Supply Forward Catalyst
The Ethereum development of Glamsterdam, scheduled for H1 2026, aims for a significant increase in the gas limit, parallel processing, and guaranteed separation of the proposed builder. The development continues the benchmarking work initiated by the Fusaka hardfork and is expected to significantly reduce Layer-2 costs, strengthening the underlying case for ETH at current rates.
If Ethereum holds a multi-year trendline every month and the MACD histogram continues to grow, the SMA 50 at $2,440 is the first target for a reversal, with the SMA 20 at $2,857 as an extended case for the bull. A monthly close below $2,017 breaks the trendline and turns the main structure bearish.
