Ethereum Shows Bullish Indicators: Possible Surge to $2K Ahead

Ethereum is showing signs of a strong recovery, having climbed 3.41% to $1,626. Increased open interest in derivatives at $18.82 billion and positive funding rates reflect market optimism. Significant whale purchases suggest strong confidence in Ethereum, which may push towards $2K this April if the $1.6K level holds. Analysts point to bullish indicators supporting this outlook.

Ethereum is exhibiting strong recovery signals, bolstered by recent momentum as Bitcoin surpasses the $87,000 threshold. In the last 24 hours, Ethereum’s price has increased by 3.41%, reaching $1,626, attracting significant investor interest.

Interest in Ethereum derivatives has surged with a 2.52% rise in open interest, bringing the total to $18.82 billion. Furthermore, the shift in funding rates to positive territory enhances the optimism among cryptocurrency market participants.

Observations indicate a notable increase in long positions within Ethereum derivatives, climbing to 52.49%. This shift resulted in a long-to-short trading ratio of 1.104, suggesting a growing confidence in Ethereum’s price trajectory among traders.

Crypto analyst Ali Martinez highlighted that the TD Sequential Indicator for Ethereum is signalling a buy opportunity, indicating a potential bullish reversal. This perspective aligns with a broader sentiment that Ethereum may be entering a more extensive recovery phase this week.

Investor activity among significant holders has been noteworthy, with LookonChain reporting a whale acquiring 1,897 ETH, approximated at $3 million. Additionally, this whale previously withdrew 3,844 ETH valued at $6.5 million from Bitget.

In another notable transaction, a different whale purchased 6,528 ETH for $10.69 million, increasing total holdings to 6,624 ETH, valued at approximately $10.83 million. Such large acquisitions signal sustained long-term trust in Ether’s future performance.

Trader Ted Pillow remarked that Ethereum has successfully exited a downtrend channel established since February 2025. He posits that if Ethereum maintains the $1.6K level, it could potentially rise to $2K by April, encouraging bullish sentiments.

Another trader, known as mister crypto, underscored Ethereum’s significant undervaluation, asserting that failing to allocate investments here would be a critical mistake, predicting an imminent rally. Similar sentiments were echoed by Merlijn, who cautioned against neglecting the current accumulation phase, deeming it a significant opportunity.

At present, Ethereum is testing the middle Bollinger Band near $1,631. A successful breakout above this threshold targeting the upper band at around $1,826 would indicate a robust upward trend, while potential support could be found near the lower band at $1,436 should prices decline.