Ethereum is currently trading near 2,240 and has increased about 7 percent in the last 24 hours. This rise is mainly because of the ceasefire news between the United States and Iran, which has improved overall market sentiment. Due to this positive news, Ethereum has also broken above a downward trend line that was stopping its growth since February.
From a technical view, Ethereum is facing resistance between 2,250 and 2,275. If it breaks this level, the price can move up to 2,320 to 2,350 in the short term.
On the downside, strong support is around 2,165 to 2,170, and the next major support is near 2,080. If the price falls below 2,080, it may drop further toward 2,000.
Market activity also shows mixed signals. Ethereum ETFs saw strong buying on April 6 and 7, showing interest from big investors. However, there were also some outflows, meaning some investors are taking profits. A company named Bitmine also bought a large amount of Ethereum recently.
In addition, a major upgrade called Pectra is expected in April 2026, which may improve the network.
Still, traders should be careful. Ethereum is below its important average price levels, which shows the overall trend is still weak. Use proper risk management and avoid high risk trading.
Bitcoin is currently trading near 71,700, gaining about 5 percent in the past 24 hours. The rise is mainly driven by improving global sentiment after easing tensions between the United States and Iran, with a ceasefire reportedly supported by Pakistan. This has boosted confidence in risk assets, including crypto.
From a technical standpoint, Bitcoin is facing resistance in the 72,000 to 72,700 range. If price breaks above this level, it could move toward 74,000 to 75,000 in the short term. On the downside, strong support is seen at 70,000, followed by a key demand zone between 68,000 and 68,500. A drop below 68,000 may lead to further decline toward 66,500.
Market sentiment is also supported by strong fundamentals. Spot Bitcoin ETFs recorded inflows of 471 million on April 6, the highest since late February.
MicroStrategy added 4,871 Bitcoin to its holdings, while Morgan Stanley is expected to launch its spot Bitcoin ETF, expanding access through thousands of advisors.
Despite the positive momentum, caution is necessary. The broader trend still shows weakness, and selling pressure from large firms, along with the upcoming halving event, may increase volatility in the market.
As per 4h price chart we have seen that gold take some curve now, gold stuck in 4450-4750 zone which is not good. some traders take a short at 4450 and some goes for long at 4750, which is not profitable, many traders not liquidated here but hit their stop loss many times.
Now we have some opportunities for short here
Open short in between 4700-4750
T.p 1 will be 4650
T.p 2 4600
t.p 3 will be near 4550-4570
and close your trade and waiting for gold if it reaches at 4400-4450 then open long here
T.p 1 will be 4500
t.p 2 4550
t.p 4 will be 4600 and take 4rth t.p at 4650 and waiting for gold hit again at 4750-4800...
Going for smart trade not just manipulate here, market manipulation is smarter then you and us. So take some time to market and then open trade for best profit...