April 2, 2026 ETH Technical Analysis (Close of Day)



Current Price: approximately $1,986, 24-hour change: -7.2%, significantly underperforming BTC

1. Candlestick and Price Structure

• Trend: Following BTC's plunge, intraday high of $2,163 → low of $1,980, a large bearish candle broke support, directly falling below the $2,000 psychological level.

• Pattern: Bearish dominance, high points declining, lows breaking support, no signs of stabilization.

• Correlation: Fully synchronized with BTC, with larger declines and weaker resilience, passive follow-down.

2. Moving Average System (Bearish Overall)

• Short-term: EMA5/10/20/50 in perfect bearish alignment (EMA5
ETH-3,49%
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