Welcome to #Gate Ethereum Exchange GateID🐧3899069525

1. Current Market (as of 2026-04-04 06:00)

- Current price: around $2,050
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- 24h price change: -0.66%
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- Market cap: about $254 billion (ranked #2 in the crypto market)
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- Key levels
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- Support: $2,000 → $1,980 → $1,900
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- Resistance: $2,120 → $2,160 → $2,200
 

2. Fundamentals (Bullish long-term)

1. Technical upgrades (the big year of 2026)

- Glamsterdam (Q2): parallel transactions, TPS hitting 10,000, Gas fees down ~78%
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- Hegota (Q4): Verkle trees, storage down 90%, even more decentralized
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- RISC-V rebuilds the EVM: long-term performance 3~5x, adapting to AI and high-frequency use

2. Supply tightening (strongly deflationary)

- Staking lockups: about 63% of ETH locked on the Beacon Chain (over 77 million coins)
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- Exchange balances: near a 10-year low; smaller circulating sell pressure
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- EIP-1559: continuous burning, net deflation

3. Major institutional entry

- BlackRock, Coinbase, BitMine, and others hold more than 10% of the total supply
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- ETH spot ETFs continue to record net inflows, with long-term institutional allocation
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- Shifting from “speculation” to positioning as digital financial infrastructure

4. New narrative: AI + Web3

- Positioned as the trust layer for the AI world: AI identity, payments, verification base layer
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- Securing the next AI×blockchain main track

3. Technical analysis (slightly weak in the short term)

- Daily: long-term moving averages are bearish, medium-term downtrend
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- Short term: oversold rebound; $2,000 is a key level
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- Volume: rebound with low volume, sell-off on increasing volume; buyers are weak
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- Indicators: MACD/RSI are weak; bears hold the advantage

4. Core risks

- Macros: rate cuts by the Fed delayed, stronger US dollar, US stock market pullback
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- Regulation: tightening crypto policies in the US/EU, ETF uncertainty
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- Competition: public chains like Solana and Sui competing for DApp/DeFi share
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- On-chain: whales dump; concentrated selling pressure from staking unlocks

5. April strategy recommendations (for reference only; not investment advice)

Short term (1–2 weeks)

- Mostly observe; consider a small position only if $2,000 is not broken
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- If the rebound reaches $2,120–$2,160 and meets resistance, reduce positions
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- Exit on an effective break below $1,980; downside target $1,800–$1,900

Mid term (1–3 months)

- Wait for the Glamsterdam upgrade to be implemented
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- If it stabilizes above $2,200, gradually build positions
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- Target: $2,800–$3,200 (if the upgrade goes smoothly)

Long term (6–12 months)

- With technical upgrades + institutionalization + the AI narrative, long-term value is clear
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- During each major drop (below $1,800), place bids in batches via dollar-cost averaging
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- End of 2026 target: $3,500–$4,500 (consistent institutional expectations)