Ethereum (ETH) Price: ETFs Pull In $120M in a Single Day as Bullish Momentum Returns

TLDR

• Ethereum’s weekly MACD is curling upward, a pattern that has preceded price recoveries before
• ETH reclaimed the $2,100 level after holding support at $2,000
• Trading volume doubled in 24 hours to $16 billion after a 5%+ price spike
• Ethereum spot ETFs recorded $120 million in net inflows on April 6, led by BlackRock’s ETHA
• A breakout above $2,150 could open the door to a move toward $2,800

Ethereum has climbed more than 5% in the past 24 hours, pushing back above the $2,100 level that traders have been watching closely. The move came after President Donald Trump threatened consequences for Iran over access to the Strait of Hormuz, which briefly eased oil price pressure and lifted risk assets.

Ethereum (ETH) Price

Trading volume more than doubled during the spike, reaching $16 billion in 24 hours. That figure represents about 6% of ETH’s circulating market cap.

Around $280 million in short positions across the crypto market were liquidated during the move. Bitcoin rose 4%, Solana gained 3.5%, and XRP added 3% in the same period.

The $2,000 level held as support before the bounce, forming what analysts describe as a higher low on the daily chart. ETH is now retesting resistance near $2,150, a level it has failed to break on multiple occasions.

Analyst Ted shared a chart showing ETH bouncing from a support cluster and reclaiming $2,100. The chart maps out resistance zones at $2,200, the mid-$2,400 range, and $2,624 above that.

$ETH has broken above the $2,100 level.

Yesterday I told you that if the $2,000 level holds, Ethereum could have one final pump.

IMO, ETH could tap the $2,200 zone before the next downtrend. pic.twitter.com/8uon0G4UGw

— Ted (@TedPillows) April 6, 2026

The Relative Strength Index has moved above 55 and above its 14-day average. A push past 60 on the RSI could point toward a continuation move, according to the chart analysis.

Weekly MACD Signals Early Momentum Shift

Analyst Jake Wujastyk shared a weekly chart showing Ethereum’s MACD beginning to curl upward from deeply negative levels. The blue MACD line is moving back toward the orange signal line after a prolonged decline.

Similar setups on the same chart have appeared near local bottoms before price moved higher in later weeks. The pattern is not a confirmed breakout but suggests selling pressure may be easing.

Analyst Ali Charts flagged the $1,800 level as critical, describing current price action as a possible ascending triangle. He wrote that if $1,800 holds as the triangle’s base, a rally toward $4,900 could follow.

If the current Ethereum $ETH price action is an ascending triangle, then the $1,800 level is the “line in the sand.”

This price point serves as the triangle’s hypotenuse. If it holds as support, I believe it could trigger a rally toward the $4,900 x-axis. pic.twitter.com/sqIFaQKCG8

— Ali Charts (@alicharts) April 6, 2026

ETF Inflows Add Institutional Demand Signal

Ethereum spot ETFs recorded $120 million in total net inflows on April 6. BlackRock’s ETHA led with $60.8 million in single-day inflows, bringing its total historical net inflow to $11.62 billion.

According to SoSoValue data, on April 6 (ET), Bitcoin spot ETFs recorded a total net inflow of $471 million; Ethereum spot ETFs saw a total net inflow of $120 million, with none of the ten ETFs recording net outflows. pic.twitter.com/5AO9Bg9xjZ

— Wu Blockchain (@WuBlockchain) April 7, 2026

Fidelity’s FETH came in second with $40.1 million. Total net assets across Ethereum spot ETFs now stand at $12.28 billion, representing 4.74% of Ethereum’s total market cap.

The Fear and Greed Index rose from 23 to 38, moving from Fear toward Almost Neutral.

The CME FedWatch tool shows markets no longer pricing in a rate cut in 2026, which has weighed on risk assets broadly. Ethereum ETFs ended last week with $42 million in outflows before the inflow reversal on April 6.