Ethereum Price Just Bounced Off a Multi-Year Trendline That Called Every Bear Market Bottom Since 2019: Is a 3x Rally Coming?

Ethereum value is buying and selling at $2,355 in April 2026, up 8.09% on the month-to-month chart after the $2,000 month-to-month low was examined and held a multi-year ascending assist trendline connecting each main ETH bear market backside since 2019.

The bounce is in progress. What merchants at the moment are watching is whether or not it has structural legs or just marks a non permanent reprieve earlier than the subsequent leg decrease.

Ethereum Price Prediction: Multi-Year Trendline Holds, But Can ETH Reclaim Its SMAs?

The ascending assist trendline on ETH’s month-to-month chart will not be a latest development. It connects the 2019 base, the 2020 pre-rally accumulation zone, and the 2022 cycle backside, making it the deepest and most examined structural flooring in Ethereum’s value historical past.

The April month-to-month candle printed a lengthy decrease wick at that trendline, a candlestick construction that alerts demand absorption at scale. Price has since recovered to the $2,400 space, forming a optimistic month-to-month physique above the road.

The month-to-month MACD (12,26,9) provides the crucial secondary sign. The MACD line sits at -29.45 and the sign line at, 159.35, producing a histogram studying of optimistic 129.89, the primary optimistic month-to-month histogram since Ethereum’s descent accelerated from its August 2025 high close to $4,800.

Both traces stay in destructive territory, which means the macro development has not reversed. But a histogram turning optimistic at a multi-year trendline check is traditionally per momentum inflecting earlier than value does on the longer timeframe. The chart is mending. It hasn’t healed.

On the upside, two SMAs outline the restoration hall. The SMA 50 at $2,440.86 is the fast resistance and the primary goal that might shift the shifting common ribbon from absolutely bearish.

The SMA 20 at $2,857.71 is the prolonged goal, a return to the place each SMAs converged earlier than the 2025 breakdown. This broader technical structure in Ethereum long-term price chart has traditionally preceded vital recoveries when macro momentum aligns with structural assist.

The purchase partitions flanking the $2,000–$2,100 zone are supported by on-chain knowledge.

CryptoQuant contributor Arab Chain reported that whales withdrew over 120,000 ETH from centralized exchanges in early March, the most important single outflow since October 2025, a sample per accumulation close to structural assist relatively than distribution.

Exchange reserves hit multi-month lows as that offer moved off-platform, compressing accessible sell-side liquidity exactly the place the trendline sits.

Perpetual futures confirmed a barely optimistic funding fee as of April 12, indicating measured however persistent long-side demand. The Ethereum Foundation staked 45,000 ETH on April 5, concentrating on a complete of 70,000 ETH, producing an estimated $3.9 to $5.4 million yearly in yield whereas eradicating fast circulating promote stress.

Crypto analyst Leshka posted on X that ETH “will 3x-4x within the subsequent six months,” citing the growing provide squeeze as proof of a structural base forming – a view that positive factors extra grounding with the month-to-month MACD now confirming enhancing momentum.

Ethereum’s Glamsterdam improve, scheduled for H1 2026, provides a ahead catalyst: concentrating on a vital fuel restrict improve, parallel transaction execution, and enshrined proposer-builder separation that’s anticipated to materially scale back Layer-2 prices.

Invalidation is unambiguous. A month-to-month shut under $2,017.09 breaks the trendline outright and shifts the macro construction bearish, with $1,500 the subsequent degree of consequence.

Discover: Macro context shaping crypto technical setups right now

Liquidchain Targets Early-Mover Upside as Ethereum Tests Key Levels

ETH’s restoration potential is actual – a transfer from $2,255 to the SMA 20 at $2,857 represents roughly 27% upside from present ranges. For a large-cap asset with a market cap measured in a whole bunch of billions, that’s a significant return. The mathematical ceiling, nevertheless, is what it’s.

Traders looking for uneven publicity at this stage of the cycle are more and more taking a look at early-stage infrastructure initiatives positioned round Ethereum’s scaling roadmap.

Liquidchain (LQC) is one undertaking drawing consideration on this context, a Layer-3 execution surroundings designed to combination liquidity throughout Ethereum and its rollup ecosystem, with a technical structure particularly concentrating on the throughput bottlenecks that Glamsterdam addresses on the base layer.

The presale has raised over $660K at a present token value of $0.0147, with staking rewards accessible to early members.

The undertaking’s core differentiator is its unified liquidity routing throughout fragmented L2 environments, a structural drawback that grows in relevance as Ethereum’s rollup ecosystem expands post-Glamsterdam. Presale investments carry actual threat, and that is an early-stage L3 infrastructure undertaking with significant execution uncertainty. DYOR applies unconditionally.

Explore the Liquidchain presale here

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