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Ethereum rallies above $2,200 amid improved market sentiment and signs of a cycle bottom.

Technical Signals
09 Apr 2026
FXEmpire
View Source
Bullish
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Ethereum (ETH) has surged 6.5% over the past 30 days, outperforming other top tokens as it holds above the key $2,200 support level. This rally is supported by improved market sentiment following a U.S.-Iran ceasefire that pushed oil prices below $100 and a rising MVRV Ratio, an on-chain metric suggesting ETH may have hit a cycle bottom. Positive ETF inflows and technical indicators point to a potential further rise toward $2,800, with a favorable risk-reward ratio if the $2,200 floor holds. However, geopolitical risks remain a key factor to watch.

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