Ethereum Holds $1,600 Support — April Rally to $2,000?
Despite geopolitical turmoil and market volatility, Ethereum shows resilience, holding steady above $1,600. After rebounding from $1,450, ETH trades at $1,606 (as of April 13).
Technical resistance looms at $1,625 (50-day EMA + trendline). A breakout could see a run to $1,690 and potentially $2,000 this month.
Eric Trump-Linked Sell-Off Pressures ETH
World Liberty Financial, tied to Eric Trump, reportedly sold 5,500 ETH at a 55% loss ($1,465 per ETH), adding bearish sentiment.
Meanwhile, global tensions rise. A fresh U.S.-China trade war—sparked by Trump’s 145% tariffs—has shaken equities. Nasdaq is down 21%, S&P 500 off 15% YTD. Crypto’s hedge narrative is under pressure.
Still, Bulls Eye $2K
ETH’s strong $1,600 base and higher lows suggest bullish momentum. A confirmed break above $1,625–$1,690 may open the door to $2,000.
Long Targets: $1,690–$2,000 (above $1,625)
Support: $1,600, then $1,545 / $1,471
Stops: Long at $1,580, Short at $1,630
April could be the turning point.
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