Based on the hourly chart provided for April 18, 2026, Ethereum is currently trading at $2,357.98. After a strong rally to a local peak of $2,464.91, the price is undergoing a healthy retracement and is currently testing the 99-period Moving Average (purple line) for support.
Market Context
Trend: Short-term bearish correction within a broader bullish structure.
Support: Immediate horizontal support is at $2,354. A break below this could lead to a retest of the $2,280 zone.
Resistance: Bulls need to reclaim the $2,393 level (25-MA) to shift the momentum back toward the $2,450 range.
$ETH Trading Signal: ETH/USDT
Position: Long (Bounce Play)
Entry Zone: $2,350 – $2,365
TP1: $2,390 (25-MA Resistance)
TP2: $2,425 (Mid-range Recovery)
TP3: $2,465 (Local High Retest)
TP4: $2,510 (Psychological Barrier)
TP5: $2,580 (Major Resistance Target)
Stop Loss (SL): $2,310 (Placed below the recent consolidation and moving average support).