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

ETH trend analysis:

Market level: ETH reached a recent high of $2,250 on April 11, and today experienced about a 3% technical correction. This is a healthy "bullish correction," and it is currently seeking confirmation of support at $2,100.

Technical signals: The short-term bullish trend has not yet been broken. The key resistance remains at $2,400; if a volume breakout occurs, it could restart the medium- to long-term upward trend towards $4,000; the support zone has moved up to $2,050 – $2,100.

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 the mainnet TPS to nearly 10,000. This "fundamental qualitative change" is attracting long-term institutional capital to continue deployment.

Summary: ETH's current trend is highly synchronized with BTC, but supported by the upgrade narrative, the retracement is relatively weaker. In the short term, it is recommended to watch 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.