Will Ethereum price clear $2,163 resistance

On the daily chart, the picture is more cautious. The MACD histogram sits at -7.33, with the MACD line at -11.11 still below the signal at -3.78. The daily Supertrend at $1,980.92 remains green, meaning the daily trend has not broken bearish. Two orange markers on the chart precisely identify the double-top rejection zone at $2,163-$2,166. A daily close above $2,166 would invalidate the double-top and confirm the rising channels upper trendline as the next target.

Key Levels, Price Targets, and Invalidation

Support is layered at $2,024 (4H Supertrend) and $1,980 (daily Supertrend). A daily close below $1,980 would flip the daily Supertrend bearish and break the rising channel structure that has defined price since February, opening a move toward $1,900 as the next major floor.

Resistance: the $2,069 area (the 4H Supertrend upper band visible on the chart) acts as a near-term ceiling, then the double-top zone at $2,163-$2,166. A clean daily close above $2,166 targets $2,250 initially, with $2,300-$2,400 as the broader bull case if the channels upper trendline is the objective.

Invalidation for the bullish channel thesis: a 4H close below $2,024 Supertrend support. Invalidation for the bearish double-top thesis: a daily close above $2,200.

Options Expiry and Macro Context

Approximately $6.3 billion in Ethereum options expired on April 3, according to data from Deribit, with spot price trading near the max pain zone for the expiry. Analysts at AnalyticsInsight noted the event is “more like a routine settlement than a major turning point,” given price proximity to max pain, limiting the probability of an expiry-driven spike in either direction.

As crypto.news reported, Ethereum fell 3.4% toward the $2,000 support on April 2 during the broader market selloff tied to U.S.-Iran escalation and the $285 million Drift Protocol exploit on Solana. The fact that the 4H Supertrend held at $2,024 through that sell event is a meaningful signal of buyer resilience at that level.

A sustained hold above $2,024 heading into next week, particularly with the 4H MACD histogram staying positive, would be the first concrete signal that bulls are retaking short-term control. If $2,024 fails, the double-top breakdown and a move toward $1,900 become the primary scenario to watch.