Ethereum Price Analysis: ETH Coin Targets $2,500 as Bulls Defend a Strong Support

Ethereum Coin Holds the Line

While the broader cryptocurrency market has shown signs of renewed vigor, Ethereum (ETH) is currently navigating a period of consolidation. As of April 23, 2026, the Ethereum price is hovering just above the critical $2,300 mark. Despite a slower start compared to its peer, Bitcoin, technical indicators suggest that Ethereum is priming itself for a move toward the $2,500 psychological resistance level.

Ethereum price in USD over the past week

Market Performance: Ethereum vs. Bitcoin

Over the past week, we have observed a notable divergence in performance between the two largest digital assets. Bitcoin has surged by approximately 5%, capturing the lion's share of market capital inflow. In contrast, Ethereum has remained relatively stagnant, posting a modest 0.3% gain.

This lag in Ethereum's performance is often viewed by traders as a "coiling" phase. Historically, when BTC leads a rally, ETH frequently follows with a delayed b...