The Ethereum price bounced back this week as investors bought the dip, and the Fear and Greed Index exited the fear zone. 

Ethereum (ETH) rose to $1,800, up 30% from its lowest level this year. The rebound, which coincided with that of other cryptocurrencies, pushed its market cap to almost $220 billion.

There are signs that crypto investors are embracing the fear of missing out, or FOMO. The Crypto Fear and Greed Index has jumped from the extreme fear zone 18 to the neutral point of $53 today. If the trend gains steam, it will enter the greed zone soon.

Further, Wall Street investors are becoming interested in Ethereum as it bucked a worrying trend. All spot ETH ETFs had net inflows of over $157 million, the best performance since February. They had net outflows in the last consecutive weeks, the longest losing streak since their approval.

Ethereum had other positive metrics this week. For example, DEX protocols in the network handled over $11.5 billion in volume, bringing the 30-day volume to $57 billion. The 24-hour volume rose to $1.7 billion, with Uniswap, Curve Finance, Fluid, and Maverick Protocol having the biggest market share. 

Ethereum price may continue doing well in the coming days as investors target the psychological point at $2,000. The risk to this outlook is the perpetual futures funding rate has plunged, a sign that short sellers are paying a fee to buyers to maintain their trades.

Ethereum price technical analysis

The daily chart shows that the ETH price has rebounded in the past few days. It has jumped and crossed the upper side of the falling wedge chart pattern, a popular bullish reversal sign.

The coin has moved slightly above the 50-day weighted moving average and formed a small bullish flag pattern, a popular bullish continuation sign in the market.

Therefore, the coin will likely continue rising as bulls target the psychological point at $2,000. A complete bullish breakout will be confirmed if the coin jumps above the key resistance at $2,120, the neckline of the triple-bottom pattern that formed on the weekly chart.

Ethereum price surged 12% in four days, overtaking Solana and XRP as Trump’s policy shift boosted risk appetite across global markets.

Ethereum’s Undervalued Status Powers Late Rally Over SOL and XRP

Ethereum price broke above $1,825 on April 25, marking its highest level in 50 days.
Despite a sluggish start to the week, ETH now posts a 12% gain on the weekly timeframe, overtaking top Layer-1 rivals Solana (SOL) and XRP.

A major driver of Ethereum’s late rally was its undervalued status.
At the start of the week, ETH struggled for traction, consolidating below $1,600 for a 14-day stretch between April 9 and April 23.

While ETH remained stuck under the $1,620 resistance, Bitcoin (BTC), XRP, and Solana had already broken major psychological barriers—$90,000, $2.20, and $150 respectively—earlier in the week.

However, after former U.S. President Donald Trump softened his stance on tariffs and pressured the Federal Reserve for rate cuts, global market sentiment flipped positive.

Investors sitting on sidelined capital viewed ETH as undervalued relative to the broader market.Rapid inflows pushed Ethereum price from $1,600 on April 22 to $1,825 by Saturday, April 26—a 12% surge in just four days.

Ethereum’s late rally now places it ahead of Solana and XRP in weekly performance, with the latter two posting 5.3% and 6.9% gains, respectively, according to CoinGecko data as of April 26.

Bullish Investors Stake 91,000 ETH Amid Rumors of Institutional Migration From Ethereum to Solana

Trends observed on the Ethereum 2.0 staking network further affirm the narrative that investors piled into ETH following Trump’s tariff rollback hints earlier this week.

According to official Beacon Chain data, Ethereum has witnessed a consistent flow of new deposits since April 22.

As seen on Beaconcha.in, total ETH staked stood at 34,055,790 on April 22.

Following Trump’s announcement of a call with Chinese President Xi Jinping, deposits steadily climbed, reaching 34,146,222 ETH at press time on April 26.

This reflects an increase of 90,432 ETH—equivalent to approximately $164 million at current market prices.

Increased staking typically impacts asset prices positively for two key reasons: First, it reduces the circulating supply of tradable ETH on exchanges, tightening liquidity during periods of strong demand.

This supply shock helped ETH outpace rivals SOL and XRP on the weekly timeframe, despite its slow start.

Second, rising staking participation signals continued confidence among Ethereum’s core developers and large investors in the network’s long-term viability.

Such moves often encourage neutral traders and new entrants to take long positions.

Additionally, Ethereum staking enforces time constraints on liquidity.

According to validator platform Figment.io, withdrawals from the Beacon Chain can take up to nine days.

This lock-up period means the $164 million in new staking deposits will not be available for instant sell-offs, helping to establish strong short-term support for ETH even if broader market sentiment softens next week.

Ethereum Price Forecast Today: ETH Eyes $1,950 if Momentum Holds Above $1,800

Ethereum price is hovering above $1,802 at press time on April 26, as bulls look to set a strong bullish cluster above the key psychological $1,800 level.

The Keltner Channel indicator shows ETH rebounding from near the lower band at $1,511, with ETH price action now targeting the midline resistance at $1,928.

Volume Delta confirms bullish momentum, printing a positive 47,260 ETH on the latest session, the highest in two weeks.

The Relative Strength Index (RSI) has bounced sharply from oversold territory at 31.74 to 39.58, suggesting strengthening bullish divergence.

Ethereum price forecast today suggests a continuation toward $1,928 if buyers maintain dominance.
A daily close above $1,850 would validate a trend shift toward the Keltner Channel midline, with $1,950 emerging as the next major resistance.

Conversely, failure to hold $1,800 could expose ETH to renewed selling pressure, with immediate downside risk to $1,700 where prior consolidation occurred.

However, considering the improving Etheruem market volume dynamics and RSI recovery, odds now slightly favor a bullish continuation into early May.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.