As of April 12, 2026, Ethereum (ETH) has experienced a strong rally at the beginning of the month and is currently in a slight pullback consolidation phase, with the price around $2,150.

ETH Price Analysis:

Market Level: On April 11, ETH reached a recent high of $2,250, and today it has undergone approximately a 3% technical correction. This is a healthy "profit-taking retracement," and it is now seeking to confirm support at $2,100.

Technical Signals: The short-term bullish trend has not been broken. The key resistance remains at $2,400. If a volume breakout occurs, there is potential to restart the medium- to long-term rally toward $4,000; support has moved up to the $2,050 – $2,100 range.

Upgrade Expectations (Glamsterdam): The market's current focus is on the upcoming Glamsterdam upgrade in the first half of the year. This upgrade is expected to introduce parallel transaction processing, increasing mainnet TPS to nearly 10,000. This fundamental change is attracting long-term institutional capital to continue positioning.

Summary: ETH's current trend is highly synchronized with BTC, but supported by the upgrade narrative, its pullback strength is relatively weak. In the short term, focus on the $2,100 support; as long as it holds, the bullish structure remains intact.

Disclaimer: The content is for informational purposes only and does not constitute investment advice. Cryptocurrency assets carry high risks; please evaluate carefully.