Trading Signals for ETH/USD on April 2-4, 2026: sell below $2,104 (21 SMA - 200 EMA) | Trading Insights

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Ethereum is trading around $2,029, below the 200 EMA and the 21 SMA, showing a bearish signal after attempting to consolidate above $2,150 during Wednesday's US trading session.

As we mentioned in yesterday's analysis, ETH/USD faces strong resistance below the 3/8 Murray line, which is why it attempted to break above $2,187 but failed. Since then, a sharp technical correction has been observed, and the price could continue to fall in the coming days.

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Given that Ethereum is trading below the 200 EMA and below the 21 SMA, this gives us a bearish outlook. If a rebound occurs in the coming hours toward $2,076 or $2,104, it could be seen as an opportunity to continue selling with short-term targets around the lower band of the bearish trend channel at $1,875, which also coincides with the 2/8 Murray line.

If ETH manages to break back above $2,104, we could expect it to consolidate above this zone before opening long positions. However, we should also wait for a decisive break of the downtrend channel; once both conditions are met, we could expect it to reach the 3/8 Murray level around $2,187 and eventually reach the 4/8 Murray level around $2,500.

Given that the outlook for the instrument remains bearish, any pullback in the coming days—and as long as the price trades below the 3/8 Murray line—will be seen as a signal to continue selling, with targets around $1,875; a break below this level could even lead to a drop to the psychological level of $1,500.

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