Ethereum has shown signs of recovery after a difficult month of March, where its price fell to a low of $1,759 before bouncing back to $2,104 at the end of the month⁽¹⁾. However, volatility remains present, and analysts warn that ETH's performance in April will depend more on market sentiment and macroeconomic trends than on fluctuations in supply and demand⁽¹⁾.
Furthermore, open interest in Ethereum futures has reached $21.6 billion, indicating strong investor participation and a possible accumulation of capital in anticipation of significant price movements⁽²⁾. Despite this, ETH faces key resistance at $2,100, and if it loses support at $1,974, it could experience a correction towards $1,864.
