Ethereum Price Rebounds from Long-Term Trendline That Has Indicated Bear Market Lows Since 2019: Is a Threefold Increase Ahead?

As of April 2026, Ethereum’s price is at $2,355, reflecting an increase of 8.09% on the monthly chart after testing and maintaining a multi-year ascending support trendline that connects every significant ETH bear market low since 2019.

The upward movement is underway. Traders are currently assessing whether this has sustainable structural support or if it merely represents a brief pause before another decline.

Ethereum (ETH)24h7d30d1yAll time

Ethereum Price Outlook: Multi-Year Trendline Holds, But Can ETH Regain Its SMAs?

The ascending support trendline on ETH’s monthly chart is not a recent development. It connects the 2019 base, the accumulation zone prior to the 2020 rally, and the 2022 cycle low, establishing it as the most significant and tested structural floor in Ethereum’s pricing history.

The April monthly candle displayed a long lower wick at that trendline, a candlestick formation indicating substantial demand absorption. The price has since rebounded to the $2,400 range, creating a positive monthly body above the trendline.

Source: Tradingview

The monthly MACD (12,26,9) provides an essential secondary signal. The MACD line is at -29.45, while the signal line is at 159.35, resulting in a histogram reading of positive 129.89, marking the first positive monthly histogram since Ethereum’s decline accelerated from its August 2025 peak near $4,800.

Both lines remain in negative territory, indicating that the macro trend has not yet reversed. However, a histogram turning positive during a multi-year trendline test is historically associated with momentum shifting before price changes on a longer timeframe. The chart is improving but not fully recovered.

On the upside, two SMAs outline the recovery corridor. The SMA 50 at $2,440.86 serves as immediate resistance and the first target that would transition the moving average ribbon from a fully bearish stance.

The SMA 20 at $2,857.71 represents the extended goal, a return to the point where both SMAs converged before the breakdown in 2025. This broader technical framework in Ethereum’s long-term price chart has historically preceded significant recoveries when macro momentum aligns with structural support.

The buy walls surrounding the $2,000–$2,100 range are backed by on-chain data.

CryptoQuant contributor Arab Chain reported that whales withdrew over 120,000 ETH from centralized exchanges in early March, marking the largest single outflow since October 2025, a trend consistent with accumulation near structural support rather than distribution.

Exchange reserves have reached multi-month lows as that supply moved off-platform, reducing available sell-side liquidity precisely at the trendline’s location.

Perpetual futures indicated a slightly positive funding rate as of April 12, suggesting measured but ongoing long-side demand. The Ethereum Foundation staked 45,000 ETH on April 5, aiming for a total of 70,000 ETH, which is projected to generate an estimated $3.9 to $5.4 million annually in yield while alleviating immediate circulating sell pressure.

Crypto analyst Leshka mentioned on X that ETH “will 3x-4x in the next six months,” referencing the emerging supply squeeze as evidence of a structural base forming – a perspective that gains credibility with the monthly MACD now indicating improving momentum.

Ethereum’s Glamsterdam upgrade, set for H1 2026, introduces a forward catalyst: aiming for a significant increase in gas limits, parallel transaction execution, and enshrined proposer-builder separation, which is anticipated to substantially lower Layer-2 costs.

Invalidation is clear. A monthly close below $2,017.09 would break the trendline and shift the macro structure to bearish, with $1,500 being the next significant level.

Discover: Macro context shaping crypto technical setups right now

Liquidchain Aims for Early-Mover Advantage as Ethereum Tests Critical Levels

ETH’s recovery potential is tangible – a rise from $2,255 to the SMA 20 at $2,857 represents approximately 27% upside from current levels. For a large-cap asset with a market cap in the hundreds of billions, that constitutes a notable return. However, the mathematical ceiling remains fixed.

Traders seeking asymmetric exposure at this point in the cycle are increasingly focusing on early-stage infrastructure projects aligned with Ethereum’s scaling roadmap.

Liquidchain (LQC) is one project gaining attention in this context, a Layer-3 execution environment designed to aggregate liquidity across Ethereum and its rollup ecosystem, with a technical architecture specifically addressing the throughput bottlenecks that Glamsterdam aims to resolve at the base layer.

The presale has raised over $660K at a current token price of $0.0147, with staking rewards available for early participants.

The project’s key differentiator is its unified liquidity routing across fragmented L2 environments, a structural issue that becomes increasingly relevant as Ethereum’s rollup ecosystem expands following Glamsterdam. Presale investments carry inherent risk, and this is an early-stage L3 infrastructure project with significant execution uncertainty. DYOR applies unconditionally.

Explore the Liquidchain presale here

The post Ethereum Price Just Bounced Off a Multi-Year Trendline That Called Every Bear Market Bottom Since 2019: Is a 3x Rally Coming? appeared first on Cryptonews.