- The price of Ethereum (ETH) is facing a strong consolidation zone at around $2,000; however, technical indicators point to an upward trend
- Most of the crypto market is currently showing no movement in the last few days amid the uncertainty of the financial market and the global oil crisis.
- Despite the dip, BitMine reportedly acquired 40,000 ETH tokens from FalconX, which is worth about $82.07 million at the current market price.
Ohn Saturday, the price of Ethereum (ETH) remained in the combined area of about $2,000. Although it has been a long time since cryptocurrency was caught in this type, history shows that it can prepare for another explosion for a long time.
At the time of writing, the price of Ethereum (ETH) is around $2,054.42 with a 0.16% increase on the daily chart. According to CoinMarketCap priceThe cryptocurrency currently holds a market capitalization of $247.81 billion on the daily chart, along with a daily trading book of 6.56 billion.
Is Ethereum (ETH) Preparing for a Big Bang?
Along with the entire crypto market, Ethereum they are currently experiencing consolidation without significant price movements. Ethereum currently has a bullish pennant pattern. Even if ETH drops to $1,500, the bullish pennant remains because the long-term is still pointing in the right direction.
According to TradingView, technical indicators remain in neutral areas which support small price gains. 14-day relative strength index has been around 51, keeping the value of cryptocurrency in the political sector without reading too much. This level indicated that the stock is resuming oversold and allows for a short-term upside opportunity.
The convergence divergence moving indicator is showing a slight positive change, which indicates a weak trend for today’s traders. Ethereum traded near its 10-day hover around $2,065 and remained below its 20-day hover around $2,100. It still shows long-term inflation.
Currently, there is a maximum grant of approximately $2,000. If the cryptocurrency rises above this level, there will be a rally to $2,100, with the next price close to $2,150 near the 50-day moving average. These technical indicators show low immediate risk, which highlights the need to focus on these key areas for any sustained change.
In the consolidation phase of 2018 to 2020, Ethereum traded at very low levels after its initial surge. From its cycle down to around $90 in March after 2020, the symbol later rose more than 50 times to reach around $4,800 by November 2021.
ETH is doing well with a rising line, which shows that there is money invested in the metal. On the other hand, there is a place that is clearly working as a rejection and repeated rejection. If the price can hold its position at these levels, there is a chance to try another move, but a break above the upper resistance is needed to confirm any move.
Despite the uncertainty in the crypto market, BitMine, one of the leading Bitcoin mining companies, reportedly discovered a new batch of ETH tokens on Saturday. According to Arkham, the wallet has received 40,000 ETH tokens from FalconX, which is worth about $82.07 million at the current market price.
It seems that Tom Lee (@fundstrat)’s #Bitmine bought another 40,000 $ETH($82.07M) from #FalconX today.https://t.co/Ac1TvPxJrh pic.twitter.com/yktMvcuM3j
– Lookonchain (@lookonchain) April 4, 2026
The increase comes after Tom Lee revealed his intentions to buy the current market.
Thomas “Tom” Lee, Chairman of Bitmine Press release“When the Iran war enters the 5th week, ETH and crypto won the biggest market with ETH winning the most by 1,160bp. This is very different from Gold (the store of precious metals), which has been used above the limit of 750. Crypto is showing itself to be a good store of ‘time of war’.
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