Wednesday, April 29, 2026, Ethereum (ETH) is trading in a range of $2,290 to $2,330. The market is currently reflecting a neutral-to-bearish sentiment as it faces local resistance, but technical structures suggest a potential recovery could be building.
Ethereum has recovered 40 percent from the February lows and is now approaching key resistance: the descending trend line, the RSI 50 level on the four day chart, and the red resistance zone. This recovery looks remarkably similar to the one in early 2022, which was followed by a major decline. In this video I walk through the bigger picture, explain why I believe a short trade opportunity could be coming up in the weeks ahead, show you the exact Elliott Wave setup I am watching for, and share the long term upside targets for after this correction ends.
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Ethereum (ETH) Price News & Insights Today 29-4-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Ethereum Insights Today
-Institutional Movements: Galaxy Digital recently transferred 45,000 ETH (~$100 million) to exchanges like Binance and OKX, raising concerns about potential institutional sell pressure.
-Network Upgrades: The next major protocol update, Glamsterdam, is scheduled for the first half of 2026. It aims to improve execution efficiency and proposer-builder separation.
-Staking Strength: On-chain data remains robust; Bitmine Immersion Technologies recently announced a record 5.078 million ETH holdings, with over 3.7 million ETH staked.
-DeFi Turbulence: Recent security issues, such as the $293 million Kelp protocol hack on April 18, have impacted broader DeFi liquidity on Ethereum, contributing to recent price volatility.
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