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Ethereum tests $2,335 support with potential move to $5,600, but may dip after liquidity grab near $2,400.

Technical Signals
30 Apr 2026
Coinpaper
View Source
Neutral
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Ethereum is currently testing a key support level at $2,335, which represents its Realized Price or average market cost basis. Holding above this level could enable a sustained rally toward the next major valuation band around $5,600. However, a Wyckoff Distribution chart suggests Ethereum might first push up to $2,400–$2,450 to grab liquidity before reversing lower, potentially dropping to $2,050 if it fails to hold support. The market is closely watching whether Ethereum can maintain strength above $2,335 to confirm a bullish trend or face downside risks if it loses this level.

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