Based on recent market performance, Ethereum has managed to get through its "worst moments," and is now showing signs of "bottoming out and stabilizing with a slight rebound," feeling more energized than before, like after a shot of adrenaline. As of mid-April 2026, ETH price remains steady around $2,100, firmly holding the key support level of $1,800—this level is no joke, having repeatedly served as the "macro bottom" savior in history, and is also the cost zone where investors tend to pile in. Over 1.35 million ETH are "camped out" here, with support strength as solid as reinforced concrete.

Looking at on-chain data, Ethereum’s Spent Output Profit Ratio (SOPR) is now at 0.96. Although still in the loss zone and "lying flat," it’s approaching the "passing line" of the historical local bottom. Historically, after SOPR dropped to lows in April 2025, ETH price "took off from the same spot," soaring 258% to reach a high of $4,950; similar situations in 2022 and 2023 also saw gains of over 130%. The message is clear: the market may already be on the edge of the bottom, and the short-term rebound probability is as high as winning the lottery.

But we need to pour some cold water— a short-term rebound does not mean "continuous surge." Currently, ETH is still facing a liquidity zone of $2,400–$2,600 as a "ceiling." To break through this "glass ceiling," more positive news is needed to "add fuel to the fire." $ETH