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Ethereum tests key support near $2,200 with risk of deeper drop before potential long-term rally.

Technical Signals
13 Apr 2026
Coinpaper
View Source
Neutral
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Ethereum is currently testing a critical support zone around $2,150 to $2,200, which could determine its near-term direction. If this support holds, a short-term bounce toward $2,400 and $2,624 resistance levels is possible. However, failure to maintain this zone may lead to a drop toward $2,000 or even $1,775. On a longer timeline, Elliott Wave analysis suggests Ethereum is in a multi-year corrective phase targeting a deeper support between $1,700 and $1,200 before potentially starting a new bullish cycle that could push prices to $15,000-$20,000 by 2029.

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