Ethereum is pressing against a double-prime resistance zone at $2,163 after two consecutive rejections from the upper boundary of its rising parallel channel, whereas a marginal bullish MACD crossover on the 4H chart raises the request of whether or now now not customers can at final destroy through or whether or now now not the pattern will unravel to the scheme back in direction of $1,980.

Ethereum (ETH) is trading at $2,051.80 on April 3, 2026, conserving inside of a rising parallel channel that has been intact for the reason that February lows. Two consecutive rejection candles at the $2,163-$2,166 zone, marked clearly on each the 4H and day-to-day charts, occupy created a double-prime structure at the channel’s upper boundary. With $6.3 billion in Ethereum alternate choices having expired this day and CME futures offline for Correct Friday, traders face a skinny-liquidity weekend that can well develop any directional switch.

Rising Channel and Double-High Construction

On the 4H chart, Ethereum is trading between the channel’s lower make stronger near $2,024 and the upper resistance at $2,163. The 4H Supertrend at $2,024.73 is aloof inexperienced, confirming the non permanent fashion has now now not flipped bearish. More particularly, the 4H MACD histogram has correct crossed into particular territory at 1.19, with the MACD line at -3.39 crossing above the signal line at -4.58. Here’s a marginal however technically meaningful bullish crossover, the first since mid-March.

On the day-to-day chart, the image is extra cautious. The MACD histogram sits at -7.33, with the MACD line at -11.11 aloof below the signal at -3.78. The day-to-day Supertrend at $1,980.92 remains inexperienced, that manner the day-to-day fashion has now now not broken bearish. Two orange markers on the chart precisely establish the double-prime rejection zone at $2,163-$2,166. A day-to-day end above $2,166 would invalidate the double-prime and guarantee the rising channel’s upper trendline because the following target.

Key Levels, Mark Targets, and Invalidation

Reinforce is layered at $2,024 (4H Supertrend) and $1,980 (day-to-day Supertrend). A day-to-day end below $1,980 would flip the day-to-day Supertrend bearish and destroy the rising channel structure that has defined sign since February, opening a switch in direction of $1,900 because the following essential flooring.

Resistance: the $2,069 space (the 4H Supertrend upper band considered on the chart) acts as a near-term ceiling, then the double-prime zone at $2,163-$2,166. A excellent day-to-day end above $2,166 targets $2,250 originally, with $2,300-$2,400 because the broader bull case if the channel’s upper trendline is the goal.

Invalidation for the bullish channel thesis: a 4H end below $2,024 Supertrend make stronger. Invalidation for the bearish double-prime thesis: a day-to-day end above $2,200.

Alternate choices Expiry and Macro Context

Approximately $6.3 billion in Ethereum alternate choices expired on April 3, in holding with info from Deribit, with space sign trading near the max concern zone for the expiry. Analysts at AnalyticsInsight infamous the match is “extra admire a routine settlement than a serious turning point,” given sign proximity to max concern, limiting the chance of an expiry-driven spike in both route.

As crypto.info reported, Ethereum fell 3.4% in direction of the $2,000 make stronger on April 2 all through the broader market selloff tied to U.S.-Iran escalation and the $285 million Waft Protocol exploit on Solana. The reality that the 4H Supertrend held at $2,024 through that promote match is a meaningful signal of purchaser resilience at that level.

A sustained care for above $2,024 heading into next week, particularly with the 4H MACD histogram staying particular, regularly is the first concrete signal that bulls are retaking non permanent care for an eye on. If $2,024 fails, the double-prime breakdown and a switch in direction of $1,900 develop into the essential concern to scrutinize.