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Ethereum faces key resistance with risk of fakeout before potential drop resumes

Technical Signals
19 Apr 2026
Coinpaper
View Source
Neutral
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Ethereum is currently testing a major resistance zone after a recent rebound, but traders warn the move may be a fakeout rather than a confirmed breakout. The price has failed to hold above the upper trendline twice, indicating buyers have not secured control yet. If Ethereum closes strongly above support, the bullish trend could continue, but a weak close below support may lead to a deeper pullback. Overall, the market is at a critical decision point where the next close will determine if the recent rally can sustain or if the broader downtrend will resume.

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