Ethereum price is trading at $2,355 in April 2026, up 8.09% on the monthly chart after the $2,000 monthly low was tested and held a multi-year ascending support trendline connecting every major $ETH bear market bottom since 2019. The bounce is in progress. What traders are now watching is whether it has structural legs or simply marks a temporary reprieve before the next leg lower. The ascending support trendline on $ETH's monthly chart is $NOT a recent construction.