Ethereum Reclaims 2,100 in Low-Liquidity Market

Ethereum's price has reclaimed the 2,100 level after dipping below 2,000 earlier this month, signaling short-term resilience in a cryptocurrency market marked by unusually low liquidity and subdued trading activity. As of April 6, 2026, the asset traded above 2,080, up 0.55 percent for the day, but analysts caution that the recovery lacks the volume needed for sustained momentum.

The cryptocurrency surged from a recent low near 2,017, breaking a bearish trendline at 2,065 on the hourly chart and holding above its 100-hour simple moving average. This move pushed Ethereum past the 50 percent Fibonacci retracement of its swing from a high of 2,168 to that low, positioning it near the 83.2 percent level around 2,140. However, the price has stalled repeatedly at 2,150, a key short-term resistance that has triggered reactions multiple times. Data from CryptoQuant shows Binance's liquidity ratio, calculated as cumulative turnover divided by exchange reserves, fell to 5.01, the lowest since early 2026. Monthly Ethereum turnover dropped to 16.65 million ETH, well below levels seen in 2025, while reserves remained stable at 3.32 million ETH.

Traders attribute the fragile rebound to...